What I See in FX Market


$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2760. We are looking for the finish of the correction in the 1.3000 area then down to the S8 target @ 1.2422. The average daily true range (ATR) for the pair currently is 131 pips.
eurusd

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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 106.92. We are looking for a higher correction to the 0.214 Fibo @ 108.20. A continuation then to the 0.500 fibo @ 105.56 . The average daily true range (ATR) for the pair currently is 108 pips. 
usdjpy

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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6087 in consolidation with a channel to the downside We are looking for a pullback and with a target down to the 1.270 Fibo @ 1.5892 and overall target the 1.618 fibo @ 1.5686. The average daily true range (ATR) for the pair is 137 pips.
gbpusd
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8765 in a sideways move which is bearish. We expect a break of the 0.8650 area and then a big move to the S7 @ 0.8413! The average daily true range (ATR) for the pair currently is 120 pips.

audusd

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USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.

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AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation

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The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.

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Gold soars as US economic woes and inflation fears grip investors

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Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.

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Ethereum could remain inside key range as Consensys sues SEC over ETH security status

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Ethereum appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the US SEC and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.

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Bank of Japan expected to keep interest rates on hold after landmark hike

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The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.

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