Scott Barkley
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Scott Barkley in Proact Traders,

$USDJPY-rising wedge?

Currently we are @ 114.39 in a rising wedge at the top.  We are looking for a reversal to the channel wall @ 113.50 and a break out there to the 0.500 Fibo @ 112.72. The overall target is 110.00.  The average daily true range (ATR) for the pair currently is 78 pips.