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EUR/JPY Poised To Fall

07/16/2024

Less than a minute

2024.07.16 10:56

Currently, we are at 172.78, in a range. If we can break the slope support, we are looking for a continuation of the ATR Target at 171.82.

There is significant support at 171.36: watch that area. We should see a reaction there.

Watch the USDX (NASDAQ:) for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 118 pips per day, and its 90-day average is 124 pips per day.

My forex analysis says USDX is currently up.

EURJPY – Poised to fall