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USD/JPY Could Move Up

By Scott BarkleyForexDec 08, 2021 08:40AM ET
www.investing.com/analysis/usdjpy-could-move-up-200610888
USD/JPY Could Move Up
By Scott Barkley   |  Dec 08, 2021 08:40AM ET
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USD/JPY is currently going down at the time of this post. We are currently at 113.77 in a channel.

We have convergence to the upside. We are looking for an initial move to the average true range (ATR) target at 114.52.

This might be a corrective ABC move. Watch the DXY for any change in direction. The ATR for the pair currently is 90 pips per day and its 180-day average is 76 pips.

USD/JPY Could Move Up
 

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USD/JPY Could Move Up

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