Scott Barkley
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Scott Barkley in Proact Traders,

$GBPJPY- consolidation break?

Currently we are at 181.35 and consolidating on the hourlies. We are looking for a continuation to the 0.500 Fibo support area @ 180.28 with an overall target @ 178.93.  The average daily true range (ATR) for the pair currently is 140 pips.