Bullish: EUR/JPY is currently at 139.50 at the start of a channel. We are looking to continue to the ATR target at 140.70 area with a further target of 141.00.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 165 pips, and its 180-day average is 165 pips per day. USDX is currently threatening down.
