$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0864. We are looking for a continuation to the Day chart bottom @ 1.0460 with an overall target to the S8 5th wave @ 1.0117. The average daily true range (ATR) for the pair currently is 122 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 121.24 in a sideways move. We are looking for a continuation to the range support @ 120.00 and then a bounce back to the 0.500 Fibo @ 121.83. Should it break to the downside, look for the 1.270 Fibo @ 119.51. The average daily true range (ATR) for the pair currently is 103 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4914. We are looking for a continuation to the 1.270 Fibo @ 1.4762 with a continuation to 1.4632. The average daily true range (ATR) for the pair currently is 111 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7189 in a large box. We are looking for a continuation to the support @ 0.7013 and a continuation to the support @ 0.6937. The average daily true range (ATR) for the pair currently is 87 pips.
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EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.