Target Trading in the Forex week of Dec 27th, 2015 (EU,UJ,GU,AU)

Happy New Year everyone

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0964. We are ranging and looking for a continuation to the 1.270 Fibo @ 1.1182 with an overall target to the 0.382 Fibo @ 1.1234. The average daily true range (ATR) for the pair currently is 92 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 120.28 in a sideways move. We are looking for a continuation to the 1.270 Fibo support @ 117.94 On a breakout or a bounce back to the 0.500 Fibo @ 121.83. The average daily true range (ATR) for the pair currently is 98 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling is currently @ 1.4921. We are looking for a continuation to the 0.500 Fibo @ 1.5052. The average daily true range (ATR) for the pair currently is 98 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7268 in a large box. We are looking for a continuation to the Resistance @ 0.7370. The average daily true range (ATR) for the pair currently is 76 pips.

Posted to Introduction to Forex Targe… on Dec 26, 2015 — 11:12 AM
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