$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1203. Structure shows we are in a large range with a bullish bias. We are looking for a directionless movement until after FOMC. The average daily true range (ATR) for the pair currently is 107 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 120.10 and still ranging and also in a wedge. A couple of different scenarios: 1: Bullish: a move to the top of the range and a bounce – look to the 125.00 and 2: Bearish: A break down to the support @ 118.15/ 166.21. 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 needs to correct to the 1.5330-82 area before a resumption to the downside. After a correction, look to the 1.5028 area. The average daily true range (ATR) for the pair currently is 101 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7044 and in a sideways move. Still too early to tell if it will continue the sideways move to the downside and if not, expect that Wave 4 is the bottom of the range. Target now is up to 0.7126 Breakdown look to 0.6937. The average daily true range (ATR) for the pair currently is 76 pips.