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USD/JPY Heading Back to Range Top

08/22/2024

Less than a minute

2024.08.22 10:06

Bullish: Forex Strategies: Currently is at 146.14 after the breakout.

We have convergence now for the up move and are looking for a continuation to the ATR target of 147.28.

Watch the for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 244 pips per day, and its 90-day average is 155 pips per day.

My forex analysis says USDX is currently up.

USD/JPY 1-Hour Chart