EUR/JPY-continues working the channel

Note: Unemployment claims was negative today

Bullish: Currently we are at 167.48 in a channel and a possible 5th wave. We are looking to continue to the ATR target @ 168.78. Watch the USDX for direction. The average daily true range (ATR) for the pair is 203 pips per day and it’s 90 day average is 120 pips per day. USDX is currently down.

Posted to Introduction to Forex Targe… on May 09, 2024 — 9:05 AM

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