EUR/JPY currently at 138.53 and in a range. We have topped out, and If the DXY stays up, we are looking for a continuation to the ATR target at the 137.56 area with a bigger target, the 0.500 Fibo at the 137.25 level.
Watch the DXY for any change in direction. The ATR for the pair currently is 139 pips per day, and its 180-day average is 146 pips per day. DXY is currently up and in a sideways move.
