$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0673 in a large range. A couple of different scenarios: 1: Bullish: a bounce off the slope support and a move to the Top @ 1.0907 area and 2: Bearish: A break down to the bottom @ 1.0348. Look to the USDX for clues. The average daily true range (ATR) for the pair currently is 64 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.32 in a large channel in a range. We are looking for a continued move up (USDX is up) to the 0.618 Fibo @ 113.48 and then to the square up @ 114.47. The average daily true range (ATR) for the pair currently is 86 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2529. We are in a large range and in a corrective channel. We are initially looking for a move to the 0.500 Fibo @ 1.2362 and then to the 0.786 Fibo @1.2217 area. The average daily true range (ATR) for the pair currently is 98 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7639 in a range. We are looking for a continued move down (USDX is up) to the 0.786 Fibo @ 0.7549 and then to the bottom @ 0.7493. The average daily true range (ATR) for the pair currently is 54 pips.