USD/JPY – Range Opportunity

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USD/JPY – Range Opportunity

By Pro Act Traders — Author

BULLISH TO bearish: Forex Strategies: Currently we are at 144.73 IN A RANGE. We are in a channel and are looking for a continuation to the 1.00 Fibo @ 145.42 and then the ATR Target @ 146.00 area. We anticipate a bearish reaction there. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 188 pips per day and it’s 90 day average is 160 pips per day. My Forex Analysis says USDX is currently up.

Posted to Introduction to Forex Targe… on Aug 28, 2024 — 8:08 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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