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USD/JPY Still in the 3rd Wave

08/15/2023

Less than a minute

2023.08.15 09:24

Scott Barkley

Bullish: is currently at 145.67 in a 3rd wave in a BIG channel. If we can push through resistance here, we are looking for a continuation to the ATR target at 147.20, with the overall target today the 1.000 Fibo at 147.23. Watch the USDX for direction. The pair’s average daily true range (ATR) is 153 pips per day, and its 90-day average is 127 pips per day. USDX is currently moving up.

USD/JPY Still in a 3rd Wave