Bullish: EUR/JPY is at 159.08 in a channel in a range. We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target@ 159.77 with the further target for today the range top @ 160.05. Watch the USDX for direction. The average daily true range (ATR) for the pair is 122 pips per day and it’s 90 day average is 123 pips per day. USDX is currently moving down
EUR/JPY: Likely to Move Toward Range Top
