USD/JPY Will It Fall

Forex Strategy is Bearish: We are currently @ 157.93 in a range. IF we can breakout here, we are looking to continue to the ATR target/1.618 Fibo @ 157.00 area and ultimately the 1.618 Fibo @157.58. USDX is currently sideways. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 83 pips per day and it’s 90-day average is 106 pips per day.