$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1283. Structure shows we are in a 5th wave. We are looking for a continuation to the 1.1500 area and then to the 1.1711. The average daily true range (ATR) for the pair currently is 98 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 119.97 and still ranging. 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 100 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling currently ranging in a 600 pip range with a bullish bias. We are looking for a finish the correction and then a continuation to the 1.5678 area and then maybe to the 1.5800. Watch for the break down at the top of the range. The average daily true range (ATR) for the pair currently is 106 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7192 after completing 5 waves up. Target now is down to 0.7099 and then 0.6959. The average daily true range (ATR) for the pair currently is 87 pips.