USD/JPY – working a channel in a channel

Pro Act

USD/JPY – working a channel in a channel

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 139.97 in a channel inside the larger channel. We are looking for a continuation to the ATR target @ 139.30 area with a further target the Fibo @ 138.85. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 162 pips per day and it’s 90 day average is 154 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Sep 16, 2024 — 8:09 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/USD – Targets the range top — 11/21/24
NZD/JPY – Showing bearish signs — 11/20/24
GBP/USD – Falling Wedge Breakout — 11/19/24
GBP/USD – Rectangle Breakout https://www.proacttraders.com/blog/ — 11/18/24
GBP/CHF – In A Breakout — 11/13/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

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

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act