Forex Opinion & Analysis

EUR/JPY – Poised to Finish the Range

Bearish:  We are currently @ 160.56 in a channel  in a range.  We are looking to continue the channel to the ATR target @ 159.80. There is  a further day chart target @ 159.63  area.   Watch the USDX for direction. The average daily true range (ATR) for the pair is 103 pips per day and it’s 90 day average is 121 pips per day. USDX is hinting up.EURJPY – poised to finish the range

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