Scott Barkley
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Scott Barkley in Proact Traders,

$NZDJPY- Channel?

Currently we are 72.64 in a down channel. We are looking for a continuation to the 1.270 Fibo @ 71.76 and then a continuation to the 1.618 Fibo @ 71.18.  The average daily true range (ATR) for the pair currently is 89 pips.