Forex analytics and overview
USD/JPY In Channel Range: Eyes On 155.00 Amid Divergence Concerns
2024.12.16 11:03
Forex Strategy is Bullish to Bearish: We are currently @ 153.99 in a channel in a range. We are looking for a continuation to the ATR target @ 155.00 area. We have divergence on the 60 min chart so this might be the last push up. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 157 pips and it’s 90-day average is 164 pips per day.