EURJPY

Bullish: Currently we are @ 121.59 just breaking out of a falling wedge in the range. IF we can break here, we are looking for a continuation initially to the ATR target @ 122.22 and then to the 0.618 Fibo @ 123.09. Look for a pullback there. The average daily true range (ATR) for the pair currently is 70 pips but its 180-day ATR is 86 pips a day.

EURJPY

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