Reading the Chart

USD/JPY Range Trade

USD/JPY Range Trade

1 min read

Forex Strategy is Bullish: We are currently @ 158.39 in a Range. We are looking for a short pullback on this break and then continue to the ATR Target @ 158.79. USDX is currently up. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 93 pips per day and it’s 90-day average is 108 pips per day.

Share this lesson

See it live on your own charts

Sit in the NY Live Room and use the ProAct charts free for 30 days. No card.

Start Your Free 30 Days (No card needed)

More in Reading the Chart