$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1144. Structure shows we are in a 4th wave waiting for completion. We are looking for a bounce near the 0.786 Fibo and then resumption to the 1.1882. The average daily true range (ATR) for the pair currently is 144 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 119.03 and still ranging. A couple of different scenarios: 1: Bullish: a move to the bottom of the range and a bounce – look to the 123.32 and 2: Bearish: A break down to the S7 support @ 115.43. The average daily true range (ATR) for the pair currently is 158 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling currently ranging. A couple of different scenarios: 1: Bullish: a move to the bottom of the range and a bounce – look to the 1.5678 and 2: Bearish: A break down to the S7 support @ 1.4831. The average daily true range (ATR) for the pair currently is a paltry 108 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.6929 and we expect a bounce on the trend and then 5 waves up (note: this is counter to the $index though). Target up is 0.7180- target down is 0.6864. The average daily true range (ATR) for the pair currently is 100 pips.