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USD/JPY – Range Opportunity

08/28/2024

Less than a minute

2024.08.28 10:45

Bullish to Bearish: Forex Strategies: Currently, is at 144.73 in a range. We are in a channel and are looking for a continuation to the 1.00 Fibo at 145.42 and then the ATR Target of 146.00 area. We anticipate a bearish reaction there.

Watch the for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 188 pips per day, and its 90-day average is 160 pips per day.

My forex analysis says USDX is currently up.

USD/JPY 1-Hour Chart