EUR/JPY: Continuation Opportunity

2023.12.20 10:16

Note: CB Consumer Confidence today
Bearish: We are currently @ 157.14 bouncing in a channel, in a range. If we can break 157.00, we are looking for a continuation to the ATR target @ 1156.23 with the further target the 2.618 Fibo @ 1155.56 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 199 pips per day and it’s 90 day average is 124 pips per day. USDX is threatening more to the upside.

EURJPY – continuation opportunity

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