USD/JPY Heading Back to Range Top

Bullish:  Forex Strategies: Currently USD/JPY is at 146.14 after the breakout.

We have convergence now for the up move and are looking for a continuation to the ATR target  of 147.28.

Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 244 pips per day, and its 90-day average is 155 pips per day.

My forex analysis says USDX is currently up.

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