EUR/JPY Analysis
Posted: 23 Oct 2023, 18:14
EUR/JPY is in a range-bound channel at 159.08. There is convergence for the continuation of the channel. We expect the ATR target to continue at 159.77, with a further target today at the top of the range at 160.05. Keep an eye on the direction of USDX. The daily average true range (ATR) for this pair is 122 pips per day, and the 90-day average is 123 pips per day. USDX is currently falling.
