Target Trading in the Forex week of June 25th, 2017
|Note: this week is the 26th week of the year – ½ way through 2017
$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1196. We are looking to complete a 5th wave in the 1.1344 area. Might take a while though since the pair’s ATR is so low for its popularity. Target 1 is the R3 @ 1.1255. The average daily true range (ATR) for the pair currently is 62 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently sitting @ 111.29 in a range and a symmetrical wedge which is bearish for the pair. We are looking to continue down to the Bottom @ 108.88 area. Target 1 = 110.13. The average daily true range (ATR) for the pair currently is 87 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.2749 and in a range. WE are looking to move first to the 0.382 Fibo @ 1.2873 and then to the 0.214 Fibo @ 1.2950 with an overall target of 1.3046. The average daily true range (ATR) for the pair currently is 108 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: We are currently sitting @ 0.7579 in a symmetrical wedge and in a start of a 5th wave IF we can break above 0.7600. We are looking to continue to the R4 @ 0.7769. The average daily true range (ATR) for the pair currently is 49 pips.
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