Note: be aware all ATR’s are dropping

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0564. USDX is inconclusive. A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo @ 1.0761 area and 2: Bearish: A break down to the day bottom support @ 1.0348. The average daily true range (ATR) for the pair currently is 63 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.93 in a large channel but near the bottom. We are watching for a bounce @11.38 but if we do not get that look to the 1.270 Fibo @ 109.57. The average daily true range (ATR) for the pair currently is 91 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2458. We are in a large range and in a channel. We are looking to continue to the square up @ 1.2630 and then down to the 0.382 Fibo @ 1.2426. The average daily true range (ATR) for the pair currently is 86 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7672 in a range. The trend is your friend till it bends. We are looking to break down to the to the square up @ 0.7600 and then continue to the 0.382 Fibo @ 0.7490. The average daily true range (ATR) for the pair currently is 49 pips.