Bearish sentiment is prevailing for EUR/JPY, which is currently trading at 158.07 following a corrective move. If the support level here is broken, we anticipate a continuation to the ATR Target at 157.30, along with further target of 156.74. To gauge the direction, it's essential to keep an eye on the USDX. The average daily true range (ATR) for the pair is 112 pips per day, while its 90-day average is 125 pips per day. Currently, the USDX is moving up.
EUR/JPY: Corrective Move Is Over
