USD/JPY – Bears taking control

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USD/JPY – Bears taking control

By Pro Act Traders — Author

Forex Strategy is Bearish: We are currently @ 157.63 in a range. We are looking for a slight pullback and then a continuation to the ATR target @ 157.08 area, with the overall target the 2.618 Fibo @ 156.62. We have divergence on the 60 min chart. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 132 pips per day and it’s 90-day average is 156 pips per day.

Posted to Introduction to Forex Targe… on Jan 09, 2025 — 8:01 AM

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

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By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 4 years ago

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