Scott Barkley
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Scott Barkley in Proact Traders,

$NZDJPY- Descending Wedge?

Currently we are @ 81.95 in a descending wedge but with divergence.  We are looking for a final move to the 1.270 Fibo @ 81.13 and then a bounce. The average daily true range (ATR) for the pair currently is 80 pips.