What ProAct Forex Target Traders See: We are currently sitting @ 1.0864. We are looking for a continuation to the Day chart bottom @ 1.0460 with an overall target to the S8 5th wave @ 1.0117. The average daily true range (ATR) for the pair currently is 122 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 121.24 in a sideways move. We are looking for a continuation to the range support @ 120.00 and then a bounce back to the 0.500 Fibo @ 121.83. Should it break to the downside, look for the 1.270 Fibo @ 119.51. The average daily true range (ATR) for the pair currently is 103 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4914. We are looking for a continuation to the 1.270 Fibo @ 1.4762 with a continuation to 1.4632. The average daily true range (ATR) for the pair currently is 111 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7189 in a large box. We are looking for a continuation to the support @ 0.7013 and a continuation to the support @ 0.6937. The average daily true range (ATR) for the pair currently is 87 pips.