USD/JPY opportunity

Note: Retail Sales very positive

Bullish: We are currently @ 4.06 in a channel. We are looking for continuation to the ATR target @ 134.78 area and then the weekly ATR target @135.55. We have convergence in play for the up move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 159 pips and it’s 180 day average is 172 pips per day. USDX is currently threatening up.

Posted to Introduction to Forex Targe… on Feb 15, 2023 — 8:02 AM

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