$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1300 after bouncing on the trend wall. We are looking to finish the correction to 1.1381. We could get the turn here. If not, look to the square up and the S7 @ 1.1583 as the target. If we head back down we are looking for the double bottom @ 1.1100. The average daily true range (ATR) for the pair currently is 142 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 111.41. We are in a range and bias currently is to the downside. We are looking for an eventual break to the support area @ 116.09 and then the bounce. The average daily true range (ATR) for the pair currently is 141 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5062 and ranging. This move consists of breakouts followed by long consolidations. We are looking first for the S8 @ 1.4922 and then the 2.618 Fibo @ 1.4712. The average daily true range (ATR) for the pair is 119 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7785 on the 4.236 Fibo which is significant and could hold. We expect a move to the S6 @ 0.7688 with a possible extended target at the support area @ 0.7590-0.7640. The average daily true range (ATR) for the pair currently is 103 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1300 after bouncing on the trend wall. We are looking to finish the correction to 1.1381. We could get the turn here. If not, look to the square up and the S7 @ 1.1583 as the target. If we head back down we are looking for the double bottom @ 1.1100. The average daily true range (ATR) for the pair currently is 142 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 111.41. We are in a range and bias currently is to the downside. We are looking for an eventual break to the support area @ 116.09 and then the bounce. The average daily true range (ATR) for the pair currently is 141 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5062 and ranging. This move consists of breakouts followed by long consolidations. We are looking first for the S8 @ 1.4922 and then the 2.618 Fibo @ 1.4712. The average daily true range (ATR) for the pair is 119 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7785 on the 4.236 Fibo which is significant and could hold. We expect a move to the S6 @ 0.7688 with a possible extended target at the support area @ 0.7590-0.7640. The average daily true range (ATR) for the pair currently is 103 pips.
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