Scott Barkley
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Scott Barkley in Proact Traders,

$EURJPY- Channel

Currently we are 114.30 in a range.  IF we can break the slope support, we are looking for a continuation move initially to the 0.618 Fibo @ 113.75 and then to the 0.786 Fibo @ 112.48.  The average daily true range (ATR) for the pair currently is 85 pips.