Scott Barkley
All posts from Scott Barkley
Scott Barkley in Proact Traders,

$USDJPY- Trend line bounce?

Currently we are 102.12 in a downtrend.  IF we break the support, we are looking for a continuation to the 0.786 Fibo @ 101.37 and then possibly to the 100.36 bottom.  The average daily true range (ATR) for the pair currently is 137 pips.