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USD/JPY: 3rd Wave Underway

07/20/2023

Less than a minute

2023.07.20 09:22

Scott Barkley

Bullish: is currently at 139.83 in the start of a 3rd wave. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR at 140.83 with the overall target the 1.618 Fibo at 141.19. Watch the USDX for direction. The average daily true range (ATR) for the pair is 132 pips per day and it’s 90 day average is 128 pips per day. USDX is currently moving up

USDJPY – 3rd wave underway