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Scott Barkley

EURJPY Triangle Break

Bearish:  USDX is currently going down at the time of this post.  We are currently @ 128.16 in a channel and a triangle.  IF we break the triangle, we are looking for an initial move to the ATR target @ 127.29.  Watch the USDX for any change in direction. The ATR for the pair currently is 89 pips per day and its 180 day average is 84 pips.

 

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