EUR/JPY is trading at 137.31 in a range. This looks like a big a-b-c move after the 5 fractals down. We are looking for a continuation to the ATR target at 138.36 and then a decisive move could be likely.
Watch the DXY for any change in direction. The ATR for the pair currently is 154 pips per day and its 180-day average is 131 pips per day. DYX is currently down at the time of this post.
