EURJPY can it break the barrier

Bearish: We are currently @ 141.58 in a channel. We have convergence to the downside. IF we can break this support, we are looking for a continuation to the ATR target @ 140.77 area and then the S5 @ 140.47 area. Watch the USDX for any change in direction. The ATR for the pair currently is 187 pips per day and its 180 day average is 160 pips per day. USDX is currently up at the time of this post.

Posted to Introduction to Forex Targe… on Jun 30, 2022 — 8:06 AM
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