Forex Opinion & Analysis

CHF/JPY Keeps Marching Higher

Bullish:  Currently we are at 171.15 in a working channel and a possible 5th wave.  IF we break the 1.618 Fibo here, we are looking to continue to the ATR target @ 172.10.    Watch the USDX for direction. The average daily true range (ATR) for the pair is  178 pips per day and it’s 90 day average is 119  pips per day. USDX is currently up.


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