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EURJPY Range Opportunity

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 129.91. We have divergence in play on the lower compressions. We are looking for an initial move to the ATR target @ 130.60 area with a continuation to the 0.382 Fibo @ 130.69.  Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day and its 180 day average is 80 pips per day.

 

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