Forex analytics and overview

EUR/JPY: One More Move to the Top

03/06/2023

Less than a minute

2023.03.06 10:31

Scott Barkley

Bullish: is currently at 144.70 after making the turn in a range. We are looking for a continuation to the ATR target at 145.50 area and then the 0.1000 Fibo @ 145.80.

This is a significant top, so cover your risk at these tops. We have convergence in play for the move. Watch the for direction. The average daily true range (ATR) for the pair is 105 pips, and its 180-day average is 135 pips per day. USDX is currently threatening down.

EUR/JPY price chart.

03/06/2023

Less than a minute

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