What ProAct Forex Target Traders See: We are currently sitting @ 1.2760. We are looking for the finish of the correction in the 1.3000 area then down to the S8 target @ 1.2422. The average daily true range (ATR) for the pair currently is 131 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 106.92. We are looking for a higher correction to the 0.214 Fibo @ 108.20. A continuation then to the 0.500 fibo @ 105.56 . The average daily true range (ATR) for the pair currently is 108 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6087 in consolidation with a channel to the downside We are looking for a pullback and with a target down to the 1.270 Fibo @ 1.5892 and overall target the 1.618 fibo @ 1.5686. The average daily true range (ATR) for the pair is 137 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8765 in a sideways move which is bearish. We expect a break of the 0.8650 area and then a big move to the S7 @ 0.8413! The average daily true range (ATR) for the pair currently is 120 pips.
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