EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.3609 and view this as a corrective wave. We are looking for breakdown to the support at 1.3500. The average daily true range (ATR) for the pair currently is 38 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 101.32. We are still in a range and a descending wedge so we are looking for a continuation to the S4 at 100.50 as the target. The average daily true range (ATR) for the pair currently is ONLY 31 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting at 1.7121. We continue to show signs of even higher highs and currently the bull flag confirms another run to the top. Look for the next target at 1.7300 and a breakdown would target the 1.7044. The average daily true range (ATR) for the pair currently is 53 pips.
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AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.9391 and in an a-b-c and bear flag. We continue to look lower to the S4 at 0.9266 for the next move. The average daily true range (ATR) for the pair currently is 48 pips.