Scott Barkley
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Scott Barkley in Proact Traders,

$CADJPY- wedge?

Currently we are at 94.64 in a descending wedge which is bearish for the cross. We are looking for a continuation to the 1.618 Fibo support area @ 93.78 with an overall target @ 92.84.  The average daily true range (ATR) for the pair currently is 149 pips.

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