USD/JPY – Bearish Breakout

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USD/JPY – Bearish Breakout

By Pro Act Traders — Author

Forex Strategy is Bearish: We are currently @ 156.19 in a range. If we can break support here, we are looking for a continuation to the ATR target @ 1.9574 area, with possible movement to the range bottom @ 155.00 @ 1.9535. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 126 pips per day and it’s 90-day average is 153 pips per day.

Posted to Introduction to Forex Targe… on Jan 23, 2025 — 8:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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