$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0790 and ranging. Watch for a move to the 1.0600 and then a bounce. We are looking for a continuation to the range support @ 1.0530. The average daily true range (ATR) for the pair currently is 93 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 118.77 and most likely in a 4th corrective wave. We are looking for a bounce at the trend resistance @ 119.61 – and then decision time. Continued dollar strength and we will look to the 1.270 Fibo @ 120.69 (indicates a new range). The reaction down indicates the 4th wave is over and we are now in 5 in route to the 0.786 Fibo @ 116.77. The average daily true range (ATR) for the pair currently is 106 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4281 and most likely in a 4th corrective wave. After the trend wall crash we are looking for a continuation to the double bottom @ 1.4070 and then a continuation to the S7 @ 1.3958. The average daily true range (ATR) for the pair currently is 121 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7006 and could still be in a large range. We are looking for a down move below 0.7000 @ 0.6821 and then a continuation to the support @ 0.6757. A move above 0.7076 will confirm the range and then look to the 0.214 Fibo @ 0.7218. The average daily true range (ATR) for the pair currently is 98 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.0790 and ranging. Watch for a move to the 1.0600 and then a bounce. We are looking for a continuation to the range support @ 1.0530. The average daily true range (ATR) for the pair currently is 93 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 118.77 and most likely in a 4th corrective wave. We are looking for a bounce at the trend resistance @ 119.61 – and then decision time. Continued dollar strength and we will look to the 1.270 Fibo @ 120.69 (indicates a new range). The reaction down indicates the 4th wave is over and we are now in 5 in route to the 0.786 Fibo @ 116.77. The average daily true range (ATR) for the pair currently is 106 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4281 and most likely in a 4th corrective wave. After the trend wall crash we are looking for a continuation to the double bottom @ 1.4070 and then a continuation to the S7 @ 1.3958. The average daily true range (ATR) for the pair currently is 121 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7006 and could still be in a large range. We are looking for a down move below 0.7000 @ 0.6821 and then a continuation to the support @ 0.6757. A move above 0.7076 will confirm the range and then look to the 0.214 Fibo @ 0.7218. The average daily true range (ATR) for the pair currently is 98 pips.
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