EURJPY– Channel opportunity
Bullish: We are currently @ 139.50 in the start of a channel. We are looking to continue to the ATR target @ 140.70 area with a further target @ 141.00. Watch the USDX for direction. The average daily true range (ATR) for the pair is 165 pips and it’s 180 day average is 165 pips per day. USDX is currently threatening down.