Analysis

EURJPY - Channel

Currently we are @ 1.6483 in a range. We bounced hard on the 0.786 as expected and are looking to continue initially to the 0.382 Fibo Resistance @ 1.6564 and then to the 0.214 Fibo Resistance @ 1.6653. We could get to the double top @ 1.6765 this week. The average daily true range (ATR) for the pair currently is 119 pips. 

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