Target Trading in the Forex week of June 5th,, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1356. We are looking for a continued move to the 1.270 Fibo @ 1.1638. The average daily true range (ATR) for the pair currently is ONLY 61 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 106.64 but still inside the range. We are looking initially for a continuation to the bottom @ 105.58 a further target @ 103.93. The average daily true range (ATR) for the pair currently is 98 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.4520 and in a large range. We are looking initially for a continuation to the top @ 1.4750 a possible further target @ 1.4977. The average daily true range (ATR) for the pair currently is 121 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.71367. NFP negated the nice trend in place and now we are back in a range. We are looking for an initial move to 0.7507 and then 0.7652. The average daily true range (ATR) for the pair currently is 67 pips.

Posted to Introduction to Forex Targe… on Jun 04, 2016 — 10:06 AM
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