EURJPY: CHANNEL CONTINUATION

Bearish:  Currently we are at 117.83.  IF we can break this support, we are looking for a move to the ATR Target @ 116.67 area and maybe a continuation to the day chart bottom @ 115.94.  The average daily true range (ATR) for the pair currently is 198 pips.  WATCH THE USDX for more clues.  

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