EUR/JPY Continuation

Bearish

USDX is bullish and uncommitted at the time of this post. EUR/JPY is in a channel, so we should now see the resumption of the channel to the downside.

We are looking for a continuation to the ATR Target at the 128.84 area. Watch the USDX for any change in direction. The ATR for the pair currently is 66 pips per day and it’s 180 day average is 65.

EUR/JPY continuation

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