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EUR/JPY Poised To Continue The Channel

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Bullish

USDX was down at time of writing.

EUR/JPY is currently at 128.63 in a channel. We are looking for an initial move to the ATR Target at the 129.93 area and then the day R6 at 130.50.

Watch the USDX for any change in direction. The ATR for the pair currently is 160 pips per day and its 180 day average is 132 pips per day.


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