Bullish
EUR/JPY is currently going down at the time of this post. We are currently at 129.91. We have divergence in play on the lower compressions. We are looking for an initial move to the ATR target at 130.60 area with a continuation to the 0.382 Fibo at 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.