Bearish: We are currently @ 150.51 in the very top of a range. IF USDX breaks down, we are looking to continue to the ATR target @ 149.87 with a further target the S3 @ 149.45 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 77 pips per day and it’s 90 day average is 126 pips per day. USDX is in a pennant and hinting down.
USD/JPY: Will it Finally Go Down?
