AUD/JPY – looks to continue

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AUD/JPY – looks to continue

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 107.08 in a range. IF we can break the support, we are looking for a continuation to the ATR Target @ 106.50. There is an S5/0.382 Fibo @ 105.54- watch that area. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 75 pips per day and it’s 90 day average is 86 pips per day. My Forex Analysis says USDX is currently down but threatening a bounce.

Posted to Introduction to Forex Targe… on Jul 15, 2024 — 8:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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