Forex analytics and overview

EUR/JPY: Corrective Move Is Over

09/05/2023

Less than a minute

2023.09.05 09:41

Scott Barkley

Bearish sentiment is prevailing for , which is currently trading at 158.07 following a corrective move. If the support level here is broken, we anticipate a continuation to the ATR Target at 157.30, along with further target of 156.74. To gauge the direction, it’s essential to keep an eye on the USDX. The average daily true range (ATR) for the pair is 112 pips per day, while its 90-day average is 125 pips per day. Currently, the USDX is moving up.

EUR/JPY Chart

09/05/2023

Less than a minute

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