Home ForexForecasts EUR/JPY: Reversal time? | Invest.com

EUR/JPY: Reversal time? | Invest.com

by SuperiorInvest

Bearish: We are currently at 160.99 after placing an upward 5 wave pattern. We have an ascending wedge that is bearish. If we can get a breakout here, we are looking for a continuation to the ATR target @ 160.03 with the additional target at the 0.786 Fib area @ 159.00. Look at USDX for direction. The average daily true range (ATR) for the pair is 132 pips per day and its 90-day average is 127 pips per day. USDX is up.

EURJPY – Reversal Time

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