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USD/JPY Should Continue In The Channel

09/12/2022

Less than a minute

2022.09.12 23:03

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Scott Barkley

is currently at142.54 and in a channel after printing an ABC pattern. If we can break the support here, we are looking for a move to the ATR target at the 140.92 area.

We have convergence in play. Watch the for any change in direction. The ATR for the pair currently is 146 pips per day, and its 180-day average is 145 pips per day. DXY is currently down.

USD/JPY price chart.