Forex analytics and overview
EUR/JPY: Two Scenarios
2022.11.08 15:46
It’s election day in the US, and is currently at 146.34 and in a channel. Two scenarios of how this could play out:
- Bullish: A bounce here look for a move to the ATR target at the 148.67 area.
- Bearish: A breakdown here would set up a move to the 1.618 Fibo at 145.00. Watch the for any change in direction.
The ATR for the pair currently is 176 pips per day, and its 180-day average is 163 pips per day. USDX is currently down.
