EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1401 and potentially still in a large range. We are looking for a continuation move OUT to the Day chart top (which indicates trending) at 1.1470) and a possible high at the 1.270 Fibo at 1.1537. A failure would means still ranging and look to the 0.500 Fibo at 1.1104. The average daily true range (ATR) for the pair currently is 74 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 108.25. We are looking for a move first to the S8 support at 105.82 and then to the 104.18 area. Possible intervention from the Japanese banks so be aware of that. The average daily true range (ATR) for the pair currently is 90 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.4126 and in a large range. We are looking for a continuation to the 0.786 Fibo at 1.3986 with a lower target to the range bottom at 1.3846. A breakdown targets the 0.214 Fibo at 1.4367. The average daily true range (ATR) for the pair currently is 141 pips.
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AUD/USD – A great smooth currency for Newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7559 and still in a range. We are looking for a move either to the range top at 0.7700 (a break above would indicate trending), or to the Range bottom at 0.7400. The average daily true range (ATR) for the pair currently is 87 pips.