Forex Strategy is Bullish: USD/JPY is currently at 148.88 after breaking the falling wedge. We have convergence in play for the up move. We are looking for a continuation to the ATR target at 150.69 area, with a further target the 0.618 Fibo at 151.21 area. USDX is currently down. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 154 pips per day and it’s 90-day average is 147 pips per day.
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