AUD/JPY – Decision time

Forex Strategies Waiting: We are currently @ 101.19 in a possible trend. If we bounce we are looking for a 5th wave continuation to the ATR target @ 101.80 and then further movement. A breakout would target the former R2 109.34. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 91 pips and it 90 day average is 126 pips.

Posted to Introduction to Forex Targe… on Oct 24, 2024 — 8:10 AM

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