$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0594 in a large range but we have bias north due to a support line and USDX down. A couple of different scenarios: 1: Bullish: a move to the 0.618 Fibo @ 1.0750 area and 2: Bearish: A break down to the double bottom support @ 1.0500. The average daily true range (ATR) for the pair currently is 57 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 108.31 in a large range and in a nice channel. We are looking for a continued move down to the 0.786 Fibo @ 107.36 and then to the support @ 105.53. The average daily true range (ATR) for the pair currently is 84 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2528. We are in a large range and may be in a range within a range. We are initially looking for a move to the 0.500 Fibo @ 1.2362 and if a breakdown here then to the 0.786 Fibo @1.2217area. The average daily true range (ATR) for the pair currently is 79 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Forex Target Traders See: Aussie is @ 0.7574 at the start of a 4^th wave. IF we continue we are looking for a continued trending move down to the S2 @ 0.7505 and then to the S3/0.618 Fibo @ 0.7450. The average daily true range (ATR) for the pair currently is 43 pips.