Scott Barkley
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Scott Barkley in Proact Traders,

$EURGBP- Correction?

Currently we are 0.8441 after a breakout of the channel.  It appears the correction is starting.  We are looking for a continuation to the 0.214 Fibo @ 0.8241 with a further target to the 0.500 Fibo area @ 0.8000 in the upcoming days.  The average daily true range (ATR) for the pair currently is 158 pips.