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EUR/JPY: Triple Top in Place

Published 08/17/2023, 08:45 AM

EUR/JPY currently at 1158.98 in a possible start of a rune to the bottom. We have divergence in play. If we can push through slope support here we are looking for a continuation to the ATR target @ 158.00 with the overall target today the 2.618 Fibo@ 1157.48. Watch the USDX for direction. The pair's average daily true range (ATR) is 137 pips per day, and its 90-day average is 126 pips per day. USDX is currently moving down. EURJPY –Triple top in place

Latest comments

Thank you, very to the point and decisive.
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