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EUR/JPY: New Channel Starting

05/30/2023

Less than a minute

2023.05.30 10:05

Scott Barkley

Note: is this AM

Bearish: currently at 150.08 after putting in a top. If we can break the support here, we are looking for a continuation to the 1.000 Fibo/ATR target at 149.20-30. Watch the USDX for directions.

The average daily true range (ATR) for the pair is 113 pips per day, and it’s 180-day average is 129 pips per day. USDX is currently moving down.

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05/30/2023

Less than a minute