What ProAct Forex Target Traders See: We are currently sitting @ 1.0915 and in the continuation of a 5th wave. Look to the strong support @ 1.0684 as an interim target in route to 1.0461. The average daily true range (ATR) for the pair currently is 91 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 124.22 and finally trending. WE are looking to complete a 3rd wave with an upside target of the 1.270 Fib Extension @ 126.79. The average daily true range (ATR) for the pair currently is 60 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.5486 still in a sideways move. A couple of different scenarios: 1: Bullish: a move to the top of the range @ 1.5650 area and 2: Bearish: A break down to the support @ 1.5340. The average daily true range (ATR) for the pair currently is 96 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7407. We expect this to be a 5th wave to the S6 @ 0.7128. Watch for a hard bounce there. The average daily true range (ATR) for the pair currently is 76 pips.