Bullish: We are currently @ 148.55 in a flag continuation pattern. If we can break through the 148.83 top, we are looking for a continuation to the ATR target @ 149.79-158.00 with the further target the R7 @ 150.11 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 129 pips per day and it’s 90 day average is 126 pips per day. USDX is up.
USD/JPY – Is There More Upside to Come?
