EUR/USD: We are currently sitting at 1.1111 in a new downtrend, courtesy of NFP. We are looking initially for the Day chart at 1.0950, and we should see a continuation there to 1.0856. The average daily true range (ATR) for the pair currently is 144 pips.
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USD/JPY: We are currently at 125.64. Looking now to correct back to 125.00 and then move to the 1.270 Fibo at 126.72. The average daily true range (ATR) for the pair currently is 99 pips.
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GBP/USD: Cable is currently sitting at 1.5270, now in a 5th wave. We expect to continue the wave down to the support at 1.4855. The average daily true range (ATR) for the pair currently is 146 pips.
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AUD/USD – A great smooth currency for Newbie’s!
Aussie is at 0.7624 finally trending, but in a large sideways move. We are looking to finish at the 0.786 Fibo at 0.7376. The average daily true range (ATR) for the pair currently is 95 pips.