EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1222 in a range. As long as USD Index is correcting, we are looking for a continuation move down to the 0.500 Fibo at 1.1104 and then more continuation to the 0.786 Fibo at 1.0943. The average daily true range (ATR) for the pair currently is 84 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 111.62. A couple of different scenarios: 1: Bullish: a move to the 1.618 Fibo at 114.39 area and 2: Bearish: A break down (indicates this was a 4th wave) to the S8 at 105.82. The average daily true range (ATR) for the pair currently is 102 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.4126 and in a large range. A couple of different scenarios: 1: Bullish: a move to the day chart top at 1.4654 area and 2: Bearish: A break down to the 0.618 Fibo support at 1.4098. The average daily true range (ATR) for the pair currently is 125 pips.
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AUD/USD – A great smooth currency for Newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7713 and is in a breakout of the short trend. We are looking for a continuation move down to the square up at 0.7675 and then possible more continuation to the bottom at 0.7500. The average daily true range (ATR) for the pair currently is 96 pips.