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USD/JPY: Range Top Is In – Reversal Next?

10/21/2024

Less than a minute

2024.10.21 10:16

Bearish: We are currently @ 149.80 in the top of a range. We have convergence down and a right shoulder is most likely printed. We are looking for the continuation to the S4 @ 148.07. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 149 pips and it 90 day average is 173 pips.

USDJPY – Range top in