$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1204 at the end of a 5^th wave. We are looking for this move to finish (AFTER a head and shoulders pattern) and correct back to the .0500 Fibo @ 1.0892. The average daily true range (ATR) for the pair currently is 72 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.18 in a large range. We are looking to initially correct and then continue DOWN to the 0.786 Fibo @ 109.56. The average daily true range (ATR) for the pair currently is 90 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.3034 and due for a correction but showing no sign of giving one. A break above 1.3050 would confirm a continuation of a 3^rd wave to 1.3353. A break below the channel would confirm a 4^th wave correction and look for a bounce around the 0.618 Fibo @ 1.2617. The average daily true range (ATR) for the pair currently is 75 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7456 in a nice range. If we continue to see USDX weakness, we are looking for a continuation to the 0.214 Fibo @ 0.7624. A failure to break the slope resistance would target the double bottom @ 0.7144. The average daily true range (ATR) for the pair currently is 59 pips.