$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0909 (6 pips from last week at this time) and ranging. Watch for a small move to the top of the range and then a sell off (USA Stock market tanking so it could blow out the top). We are looking for a continuation to the support @ 1.0691 with an overall target to the square up @ 1.0600. The average daily true range (ATR) for the pair currently is 98 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 117.02 and finally in a trending move. We are looking for a bounce to the 1.270 Fibo/Day support @ 115.91 and a possible continuation to the 114.90. The average daily true range (ATR) for the pair currently is 99 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4261 at a significant bottom and waiting to see if it bounces. If a bounce look for a correction to the 1.4561 area. If no bounce, we are looking for a continuation to the 2.618 Fibo @ 1.4082 and expect a bounce there. The average daily true range (ATR) for the pair currently is 106 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.6861 and finally out of a large range. We are looking for a bounce @ 0.6821 and then back to the previous support @ 0.7014 and then a resumption to the 1.618 Fibo extension @ 0.6882. The average daily true range (ATR) for the pair currently is 92 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.0909 (6 pips from last week at this time) and ranging. Watch for a small move to the top of the range and then a sell off (USA Stock market tanking so it could blow out the top). We are looking for a continuation to the support @ 1.0691 with an overall target to the square up @ 1.0600. The average daily true range (ATR) for the pair currently is 98 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 117.02 and finally in a trending move. We are looking for a bounce to the 1.270 Fibo/Day support @ 115.91 and a possible continuation to the 114.90. The average daily true range (ATR) for the pair currently is 99 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4261 at a significant bottom and waiting to see if it bounces. If a bounce look for a correction to the 1.4561 area. If no bounce, we are looking for a continuation to the 2.618 Fibo @ 1.4082 and expect a bounce there. The average daily true range (ATR) for the pair currently is 106 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.6861 and finally out of a large range. We are looking for a bounce @ 0.6821 and then back to the previous support @ 0.7014 and then a resumption to the 1.618 Fibo extension @ 0.6882. The average daily true range (ATR) for the pair currently is 92 pips.
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