$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.3609 and view this as a corrective wave. We are looking for breakdown to the support at 1.3500. The average daily true range (ATR) for the pair currently is 38 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 101.32. We are still in a range and a descending wedge so we are looking for a continuation to the S4 @ 100.50 as the target. The average daily true range (ATR) for the pair currently is ONLY 31 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.7121. We continue to show signs of even higher highs and currently the bull flag confirms another run to the top. Look for the next target @ 1.7300 and a breakdown would target the 1.7044. The average daily true range (ATR) for the pair currently is 53 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.9391 and in an a-b-c and bear flag. We continue to look lower to the S4 @ 0.9266 for the next move. The average daily true range (ATR) for the pair currently is 48 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.3609 and view this as a corrective wave. We are looking for breakdown to the support at 1.3500. The average daily true range (ATR) for the pair currently is 38 pips.
—————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 101.32. We are still in a range and a descending wedge so we are looking for a continuation to the S4 @ 100.50 as the target. The average daily true range (ATR) for the pair currently is ONLY 31 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.7121. We continue to show signs of even higher highs and currently the bull flag confirms another run to the top. Look for the next target @ 1.7300 and a breakdown would target the 1.7044. The average daily true range (ATR) for the pair currently is 53 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.9391 and in an a-b-c and bear flag. We continue to look lower to the S4 @ 0.9266 for the next move. The average daily true range (ATR) for the pair currently is 48 pips.
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EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
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