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EUR/JPY on the Verge of a Breakout – What Will it Take From Here?

10/30/2024

Less than a minute

2024.10.30 10:56

Bearish: We are currently @165.83 in the top of the range with a triple top in play for the . If we can break the slope support, we are looking for a continuation to the ATR target @ 165.13 and then further movement to the 1.000 Fibo @ 164.89. Divergence is in play.

Watch the for direction. The average daily true range (ATR) for the pair currently is 109 pips and it’s 90 day average is 171 pips.

EURJPY – will it break