$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1184. Structure shows we are in a 3rd wave. We are looking for a continuation to the 1.1031area and then to the 1.0813. The average daily true range (ATR) for the pair currently is 105 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 120.52and still ranging and also in a pennant. A couple of different scenarios: 1: Bullish: a move to the top of the range and a bounce – look to the 121.80 and 2: Bearish: A break down to the support @ 118.15. The average daily true range (ATR) for the pair currently is 93 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling possibly still ranging in a 600 pip range now with a bearish bias. IF we breakdown we are looking for a continuation to the 1.5000 area and then a bounce. If we bounce look to the 1.5592 area. The average daily true range (ATR) for the pair currently is 113 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7027 after completing 5 waves up then the first wave down. Still too early to tell if it will continue to the downside and if not, expect that Wave one is the bottom of the range. Target now is down to 0.6725 and then 0.6665. The average daily true range (ATR) for the pair currently is 85 pips.