$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1355 breaking a sideways move. We are looking for a move to start the 5th wave with the overall target @ 1.1711 this week. The average daily true range (ATR) for the pair currently is 93 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.23 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 75 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is correcting in a 4th wave to the 1.5447-1.5500 area before a resumption to the downside. After a correction, look to the 1.5158 area. The average daily true range (ATR) for the pair currently is 88 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7326 and needs a 4th wave correction to get to the target. Look for that to the 0.500 Fibo @ 0.7256. Target now is up to 0.7443. The average daily true range (ATR) for the pair currently is 71 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1355 breaking a sideways move. We are looking for a move to start the 5th wave with the overall target @ 1.1711 this week. The average daily true range (ATR) for the pair currently is 93 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.23 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 75 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling is correcting in a 4th wave to the 1.5447-1.5500 area before a resumption to the downside. After a correction, look to the 1.5158 area. The average daily true range (ATR) for the pair currently is 88 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7326 and needs a 4th wave correction to get to the target. Look for that to the 0.500 Fibo @ 0.7256. Target now is up to 0.7443. The average daily true range (ATR) for the pair currently is 71 pips.
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