EUR/JPY continuation?

Scott Barkley ProAct Traders

Bullish: Currently we are @ 122.45 after completing a bounce on the range bottom. We are looking for a continuation initially to the 1.618 Fibo @ 123.47 and then continue to the 2.618 Fibo @124.83. The average daily true range (ATR) for the pair currently is 65 pips but its 180-day ATR is 85 pips a day.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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