Scott Barkley
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Scott Barkley in Proact Traders,

$CADJPY- consolidation break

Currently we are 79.02 in a range and just breaking out of the slope support.  We are looking for a continuation move initially to the 0.618 Fibo @ 78.30 and then to the 0.786 Fibo @ 77.63.  The average daily true range (ATR) for the pair currently is 64 pips.