What ProAct Forex Target Traders See: We are currently sitting @ 1.2455. A couple of different scenarios: 1: bullish: a move above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 103 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 118.66 @ the 0.214 Fibo area. This is a bounce point and if so look for the 126.11 (1.270 Fibo). We are open for a much needed correction back to the 0.500 Fibo area @ 113.50. The average daily true range (ATR) for the pair currently is 138 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5719 in a rectangle which is ultimately bearish. We are looking first for the S7 @ 1.5540 and then the 1.618 Fibo @ 1.5293. A break up would target the Former S6 @ 1.5917. The average daily true range (ATR) for the pair is 107 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8253 in consolidation after a falling wedge which is ultimately bullish. We expect a move to correct at the S6 @ 0.8183 or the day chart bottom @ 0.8073. The average daily true range (ATR) for the pair currently is 95 pips.
Recommended Content
Editors’ Picks
EUR/USD holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.