Note: USDX is ranging and could go either way – I will post both scenarios below.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1722 in a range and possible channel. A couple of different scenarios: 1: Bullish: a move to the 0.214 Fibo @ 1.2004 area and 2: Bearish: A break down to the double bottom support @ 1.1659 and a possible bounce there. The average daily true range (ATR) for the pair currently is 64 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.88 in a range. A couple of different scenarios: 1: Bullish: a move to the day resistance @ 114.40 area and reverse or continue on to the 116.03 area and 2: Bearish: A break down to the 0.382 Fibo support @ 0.0710. The average daily true range (ATR) for the pair currently is 57 pips.

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$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.3185 in a range. A couple of different scenarios: 1: Bullish: a move to the square up @ 1.3345 area and 2: Bearish: A break down to the support @ 1.2997. The average daily true range (ATR) for the pair currently is 97 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7887 in a range. We are looking for a continuation down to the bottom @ 0.7734 area and a bounce there. The average daily true range (ATR) for the pair currently is 48 pips.