NZD/JPY: 3rd Wave Is Underway

Forex Strategies Bearish: We are currently starting a channel in a possible 3rd  wave. If we can break resistance @ 90.84, we should continue to the ATR target @ 90.30 with the next target the  S4 @ 89.97.  The pair should prove it out when the market opens.  It’s Daily ATR is 122 pips and its 90 day average is 106 Pips a day.  My Analysis says the USDX is UP.

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