$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1287 and the breakout puts us still in a large range. We are looking for a continuation move down to the 0.500 Fibo@ 1.1104 and then more continuation to the 0.786 Fibo @ 1.0943. The average daily true range (ATR) for the pair currently is 88 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 108.74. The chart continues to show downside (which may be opposite of the USDX) so we are looking for a move to the S8 support @ 105.82 and then watch for a bounce (or intervention). The average daily true range (ATR) for the pair currently is 99 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.4126 and in a large range in a wedge with a bias to the downside. We are looking for a continuation to the 0.786 Fibo @ 1.3986 with a lower target to the range bottom @ 1.3841. The average daily true range (ATR) for the pair currently is 131 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7559 and still in a range. A couple of different scenarios: 1: Bullish: a move to the 1.618 Fibo @ 0.7766 area then 0.7954 and 2: Bearish: A break down to the square up support @ 0.7573 with a further target @ 0.7481. The average daily true range (ATR) for the pair currently is 99 pips.
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