USD/JPY – could make the turn up

Jul 20, 2023

Note: USD Unemployment was positive!

Bullish:  We are currently @ 139.83 in the start of a 3rd wave..  MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR Target @ 140.83 with the overall target the 1.618 Fibo @ 141.19. Watch the USDX for direction. The average daily true range (ATR) for the pair is 132 pips per day and it’s 90 day average is 128 pips per day. USDX is currently moving up.