USDJPY – Should continue the channel

Bullish:  We are currently @ 145.58 in a Bullish flag pattern and possible 3rd wave.  We have convergence for the up move. Above 145.71 look for a move first to the 1.618 Fibo @ 146.53 with the overall target the ATR target @ 1146.81. Watch the USDX for any change in direction. The ATR for the pair currently is 139 pips per day and its 180 day average is 127 pips per day. USDX is currently attempting down.  

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