EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.0606 and possibly trying to trend up (look to the USDX for clues). A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo at 1.0706 area and 2: Bearish: A break down to the double bottom support at 1.0520. The average daily true range (ATR) for the pair currently is 66 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently sitting at 112.93 still in a large channel and following the USDX down. We are looking to initially move up to the day chart bottom at 111.93 and maybe continue to the 1.270 Fibo at 109.71. 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 1.2412. We are in a large range and in a bearish pennant. We are looking to continue to the 0.618 Fibo at 1.2260 and then on to the 0.786 Fibo at 1.2140. The average daily true range (ATR) for the pair currently is 92 pips.
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AUD/USD – A great smooth currency for Newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7659 in a range. A couple of different scenarios: 1: Bullish: a move to the square up at 0.7601 area and bounce 2: Bearish: A break down to the 0.382 at 0.7493. The average daily true range (ATR) for the pair currently is 56 pips.
