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Scott Barkley

AUDJPY: reversal?

Bearish: Currently we are at 74.13 in a range. With negative employment rate (-5.3) as a catalyst, we are looking for an initial move to the ATR Target @ 73.64 and then a continuation later to the range bottom @ 72.45 area.. The average daily true range (ATR) for the pair currently is 70 pips. WATCH THE USDX for more clues.

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