$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. We are looking finish a 3rd wave at the .214 Fibo and we should see a small correction before resumption to the R7 @1.1500 area. The average daily true range (ATR) for the pair currently is 144 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.18 but still ranging. Looking now to finish the ip move @ 120.50-70 and then a move down to support @ 118.50. The average daily true range (ATR) for the pair currently is 81 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5147. We are waiting to see if this last move was just a correction on the day chart (which is down) or a correction for further upside to the 1.5589 Top. The average daily true range (ATR) for the pair currently is 162 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7837 in a shallow trend. We are waiting to see if this bounce will hold for a move up to the R6 area @ 0.8170. The average daily true range (ATR) for the pair currently is 111 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. We are looking finish a 3rd wave at the .214 Fibo and we should see a small correction before resumption to the R7 @1.1500 area. The average daily true range (ATR) for the pair currently is 144 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.18 but still ranging. Looking now to finish the ip move @ 120.50-70 and then a move down to support @ 118.50. The average daily true range (ATR) for the pair currently is 81 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5147. We are waiting to see if this last move was just a correction on the day chart (which is down) or a correction for further upside to the 1.5589 Top. The average daily true range (ATR) for the pair currently is 162 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7837 in a shallow trend. We are waiting to see if this bounce will hold for a move up to the R6 area @ 0.8170. The average daily true range (ATR) for the pair currently is 111 pips.
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Editors’ Picks
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.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
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Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.