$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1222 in a range. As long as USDX is shorting we are looking for a continuation move up to the 1.270 Fibo@ 1.1641 and then a correction. The break up would confirm a fifth wave in place. The average daily true range (ATR) for the pair currently is 86 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 106.39. We are looking to the S8 @ 105.82 with a bounce there and possible continuation to the 105.00 Psychological number. The average daily true range (ATR) for the pair currently is 122 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.4126 and in a large range. A couple of different scenarios: 1: As long as USDX is shorting Bullish: a move to the 1.618 Fibo @ 1.4920 area and 2: Bearish: A break down to the 0.382 Fibo support @ 1.4255. The average daily true range (ATR) for the pair currently is 129 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7604 and in a range. We are looking for a continuation move down to the bottom @ 0.7500. A possible bounce to be expected there. The average daily true range (ATR) for the pair currently is 95 pips.
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