EUR/JPY is currently at 148.17 in a big channel and in the start of a 3rd wave. We are looking for a continuation to the ATR at 147.13 with a further aim of the 1.000 Fibo at 146.43 area.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 146 pips per day and it’s 180 day average is 157 pips per day. USDX is currently moving up.
