EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1311 after the reversal we anticipated last week. We are looking to work through the Fibs first to 1.1223 then 1.1148 and finally 1.1072. However, a second wave is not printed, which means we could bounce first (look to the 0.382 Fibo) before all of this. The average daily true range (ATR) for the pair currently is 77 pips.
——————————————————————————–
USD/JPY
What ProAct Forex Target Traders See: We are currently at 108.65 in a nice flag. We are looking initially to the 0.214 Fibo at 110.56 with a continuation to the top at 111.87. The average daily true range (ATR) for the pair currently is 124 pips.
——————————————————————————–
GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.4369 and in a large range. We have buried the upside bias and now looking initially to the 0.618 Fibo at 1.4299 and a continuation to the 0.786 Fibo at 1.4170. The average daily true range (ATR) for the pair currently is 116 pips.
——————————————————————————–
AUD/USD – A great smooth currency for newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7270 and in a 3rd wave. We are looking for a bounce to complete the 4th wave at the S6/ 0.7110 and then a continuation move down to the bottom at 0.6733. The average daily true range (ATR) for the pair currently is 98 pips.