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EUR/JPY: Channel Opportunity

01/17/2023

Less than a minute

2023.01.17 09:53

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Scott Barkley

Bullish: is currently at 139.50 at the start of a channel. We are looking to continue to the ATR target at 140.70 area with a further target of 141.00.

Watch the for direction. The average daily true range (ATR) for the pair is 165 pips, and its 180-day average is 165 pips per day. USDX is currently threatening down.

EURJPY– Channel opportunity