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This Week's FX Target Trades: EUR/USD, USD/JPY, GBP/USD, AUD/USD

ByScott Barkley
Published 04/04/2016, 04:35 PM
Updated 10/05/2023, 10:02 PM
EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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EUR/USD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1394 in a large range. We are looking for a continuation move OUT to the Day chart top (which indicates trending) @ 1.1465) and a possible high at the 1.270 Fibo @ 1.1537. A failure would means still ranging and look to the 0.500 Fibo @ 1.1104. The average daily true range (ATR) for the pair currently is 80 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently @ 111.10. We are still in the range and with a breakdown are looking for a move first to the Day chart support @ 109.67 and then to the 1.618 Fibo @ 108.73 area. If they respect the range, look higher to the 0.500 Fibo @ 112.96. The average daily true range (ATR) for the pair currently is 98 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently @ 1.4264. We are looking for a continuation to the 0.214 Fibo @ 1.4366 with a higher target to the range top @ 1.4500. A breakdown targets the 0.786 Fibo @ 1.3980. The average daily true range (ATR) for the pair currently is 146 pips.
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AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7604 and still in a range. We are looking for a move to the 1.270 Fibo @ 0.7835 (which indicates trending). A breakdown in the range would target the 0.500 Fibo @ 0.7395. The average daily true range (ATR) for the pair currently is 90 pips.EUR/USD 4-Hour ChartUSD/JPY 4-Hour ChartGBP/USD 4-Hour ChartAUD/USD 4-Hour Chart

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