Scott Barkley
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Scott Barkley in Proact Traders,

$USDJPY-Flag break?

Currently we are @ 111.91 in a range and a bear flag pattern.  We are looking for a break of the flag and a continuation to the 1.618 Fibo @ 111.41 and a break there to the support @ 110.94. The average daily true range (ATR) for the pair currently is 88 pips.


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