Bearish: We are currently @ 147.50 just above support. If we can break through the support here, we are looking for a continuation to the S4/ATR target @ 1146.50 with the further target the 0.500 Fibo@ 146.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 134 pips per day and it’s 90 day average is 123 pips per day. USDX is down.
USD/JPY: Wave 3 Is in the Cards
