What ProAct Forex Target Traders See: We are currently sitting @ 1.0590. We are looking for a break of the support and then a move to the S6 support @ 1.0462 with an overall target of 1.0378. The average daily true range (ATR) for the pair currently is 76 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 122.86 in a sideways move AGAIN. We are WAITING for direction! A couple of different scenarios: 1: Bullish: a move to the upper day chart top @ 125.07 area) and 2: Bearish: A break down to the 0.500 Fibo support @ 120.84. The average daily true range (ATR) for the pair currently is 52 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.5033. We said last week “We are looking for a move to the support @ 1.5028”. A continuation here targets the 1.4905 with a continuation to the 11.4869 support. The average daily true range (ATR) for the pair currently is 72 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7130 in a large box. A couple of different scenarios: 1: Bullish: a move to the upper range @ 0.7686 area) and 2: Bearish: A break down to the support @ 0.7013. The average daily true range (ATR) for the pair currently is 61 pips.
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