EUR/JPY: Triple-Top in Place

2024.09.24 10:20

is at 160.43 in a range. IF we can break slop support, we are looking for a continuation to the ATR target at 159.38 area with a further target the 1.000 Fibo at 158.96.

We expect a reaction there. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 175 pips per day and it’s 90 day average is 139 pips per day. My Forex Analysis says USDX is currently down.

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