Will EUR/JPY Slide to the 157.35 Stage as Bearish Momentum Builds?

Foreign exchange Technique is Bearish: EUR/JPY is at the moment at 158.29 in a fifth wave in a channel. We’re searching for a continuation to the ATR goal/1.000 Fibo at 157.35-47 space, with an additional goal the 1.270 Fibo at 157.00 space. US Dollar is at the moment up. Watch the USDX for instructions. The typical day by day true vary (ATR) for the pair at the moment is 180 pips per day and its 90-day common is 190 pips per day.