NZD/JPY – Run to the top
Bullish: We are currently @ 82.84 in a channel in a range. IF we can break resistance here, we are looking for a continuation to the ATR Target/2.618 Fibo @ 83.90 with a further target at the 0.214 Fibo @ 84.38. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 125 pips and it’s 180 day average is 110 pips per day. USDX is currently moving down .