What ProAct Forex Target Traders See: We are currently sitting @ 1.1225 in a range. We are looking for a continuation to the top. First stop is @ 1.1330 and the second the Range top @ 1.1470. The average daily true range (ATR) for the pair currently is 70 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 102.70 and in a range. We are looking for a move initially to the 0.382 Fibo @ 103.95 with a target overall this week at 105.02. The average daily true range (ATR) for the pair currently is 99 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.3297 and in a large range. A couple of different scenarios: 1: Bullish: a move to the Day top @ 1.3462 area and 2: Bearish: A break down to the 0.618 Fibo @ 1.3091. The average daily true range (ATR) for the pair currently is 105 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7554 and in a wedge. We are looking for a move to the downside after the break of the slope. Look first to the 0.618 Fibo @ 0.7378 with the overall target the 0.786 Fibo @ 0.7276. IF it breaks up look to the 0.7920 area. The average daily true range (ATR) for the pair currently is 65 pips.