Scott Barkley
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Scott Barkley in Proact Traders,

$AUDJPY- channel?

Currently we are 76.69 in a channel and in a range.  We are looking for a sideways move and then continuation to the 0.786 Fibo @ 75.97 and a continuation to 0.214 Fibo @ 74.43.  The average daily true range (ATR) for the pair currently is 124 pips.