EURJPY – breakout to target

Oct 05, 2022
Bearish:  We are currently @ 143.20 after setting a top and breaking out of the Trend.  We have divergence for the down move. We are looking for the continuation of a move to the ATR Target @ 142.15 and should bounce there. Watch the USDX for any change in direction. The ATR for the pair currently is 180 pips per day and its 180 day average is 170 pips per day. USDX is currently attempting up.