EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.3703. We are looking for a continued move to the 1.3636 ish area (Day chart bottom) and then a bounce back to the 1.3700. The average daily true range (ATR) for the pair currently is 72 pips.
USD/JPY
What ProAct Forex Target Traders See: We are currently at 103.26. The current price is at the former trend line which may act as support for the move the 104.40 area. We could also get a deeper retracement to the trend bottom at 102.80 before the bounce. The average daily true range (ATR) for the pair currently is 61 pips.
GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting at 1.6579 and in a triangle pattern. We could go either way here so wait for the triangle break for direction: Bullish: Target is 1.6717. Bearish: Target is 1.6470. The average (14 day) daily true range (ATR) for the pair currently is 76 pips.
AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.9284 and in a sideways move which is bullish for the pair. We are looking for a continuation to the resistance at 0.9334 with a further target at the R5 at 0.9373. The average daily true range (ATR) for the pair currently is 71 pips.