EUR/JPY: Pullback Likely Again

Bearish:  We are currently @ 162.70 in a range.  We are looking to finish an ABC pattern and then the resumption to the ATR target @ 162.00. There is  a further 1.000 Fibo target @ 161.77 area.   Watch the USDX for direction. The average daily true range (ATR) for the pair is 82 pips per day and it’s 90 day average is 122 pips per day. USDX is down.EURJPY – Pullback to go again

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