EURJPY: Range Breakout

Bearish: Currently we are at 140.00 in a range. If we do hit the ATR target today @ 120.18 it will require the range breakout and would setup a stronger move to the downside to possible the 0.382 Fibo @ 119.23. WATCH THE USDX for more clues. The ATR is 66 Pips per day.

Blog Post