What ProAct Forex Target Traders See: We are currently sitting @ 1.1351 (1 pip from last week) in a sideways move. We are looking for a move to the Fibo’s @ 1.1283 and 1.1241 with the overall target @ 1.1182 this week. The average daily true range (ATR) for the pair currently is 85 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 119.49 and still ranging and a bounce off the bottom. We are looking for a continuation to the top of the range @ 121.80 with a stall at the 0500 Fibo @ 120.74. The average daily true range (ATR) for the pair currently is 67 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling has finished a 4th wave and we are looking for a resumption to the downside. Once underway, look to the 1.5312, then 1.5160, then 1.5028 area. The average daily true range (ATR) for the pair currently is 98 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7271 and in a large wedge and also a sideways range.. Look for that to the range bottom initially @ 0.7171. Target now is down to 0.7018-060. The average daily true range (ATR) for the pair currently is 82 pips.