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Forex Target Trading: Week Of November 29th, 2015

Published 11/29/2015, 03:25 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 @ 1.0590. We are looking for a break of the support and then a move to the S6 support @ 1.0462 with an overall target of 1.0378. The average daily true range (ATR) for the pair currently is 76 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently @ 122.86 in a sideways move AGAIN. We are WAITING for direction! A couple of different scenarios: 1: Bullish: a move to the upper day chart top @ 125.07 area) and 2: Bearish: A break down to the 0.500 Fibo support @ 120.84. The average daily true range (ATR) for the pair currently is 52 pips.
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GBP/USD
What ProAct Forex Target Traders See: Sterling is currently @ 1.5033. We said last week “We are looking for a move to the support @ 1.5028”. A continuation here targets the 1.4905 with a continuation to the 11.4869 support. The average daily true range (ATR) for the pair currently is 72 pips.
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AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7130 in a large box. A couple of different scenarios: 1: Bullish: a move to the upper range @ 0.7686 area) and 2: Bearish: A break down to the support @ 0.7013. The average daily true range (ATR) for the pair currently is 61 pips.EUR/USD 4-Hour ChartUSD/JPY 6-Hour ChartGBP/USD 4-Hour ChartAUD/USD 6-Hour Chart

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