EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1194 in a range. We are looking for a continuation to the bottom. First top is at 1.1416 and the second the 0.618 Fibo at 1.1072. Watch the USDX for clues on direction. The average daily true range (ATR) for the pair currently is 69 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 101.82 and in a range. We are looking for a move initially to the 0.500 Fibo at 103.20 with a target overall this week at 103.95. The average daily true range (ATR) for the pair currently is 91 (down from 127 last week) pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.3132 and in a large range. We are looking for a continuation to the 0.786 Fibo at 1.2946. Watch for a stall there and then a move to the bottom at 1.2809. The average daily true range (ATR) for the pair currently is 111 pips.
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AUD/USD – A great smooth currency for newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7561 and in a range. We are looking for a move to the downside after the break of the slope. Look first to the 0.500 Fibo at 0.7493 with the overall target the day bottom at 0.7380. The average daily true range (ATR) for the pair currently is 71 pips.