$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1203. Structure shows we are in a large range with a bullish bias. We are looking for a directionless movement until after FOMC. The average daily true range (ATR) for the pair currently is 107 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.10 and still ranging and also in a wedge. A couple of different scenarios: 1: Bullish: a move to the top of the range and a bounce – look to the 125.00 and 2: Bearish: A break down to the support @ 118.15/ 166.21. The average daily true range (ATR) for the pair currently is 93 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling needs to correct to the 1.5330-82 area before a resumption to the downside. After a correction, look to the 1.5028 area. The average daily true range (ATR) for the pair currently is 101 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7044 and in a sideways move. Still too early to tell if it will continue the sideways move to the downside and if not, expect that Wave 4 is the bottom of the range. Target now is up to 0.7126 Breakdown look to 0.6937. The average daily true range (ATR) for the pair currently is 76 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1203. Structure shows we are in a large range with a bullish bias. We are looking for a directionless movement until after FOMC. The average daily true range (ATR) for the pair currently is 107 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.10 and still ranging and also in a wedge. A couple of different scenarios: 1: Bullish: a move to the top of the range and a bounce – look to the 125.00 and 2: Bearish: A break down to the support @ 118.15/ 166.21. The average daily true range (ATR) for the pair currently is 93 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling needs to correct to the 1.5330-82 area before a resumption to the downside. After a correction, look to the 1.5028 area. The average daily true range (ATR) for the pair currently is 101 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7044 and in a sideways move. Still too early to tell if it will continue the sideways move to the downside and if not, expect that Wave 4 is the bottom of the range. Target now is up to 0.7126 Breakdown look to 0.6937. The average daily true range (ATR) for the pair currently is 76 pips.
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