Note: USDX is ranging bias to strength – should affect all USD pairs

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1758 starting a 3^rd wave in a day chart range. The Range will limit the trend. We are looking for an initial move down to the 0.786 Fibo/support @ 1.16628 and then the 4^th wave to 1.1700 before the resumption of the 5^th wave. The average daily true range (ATR) for the pair currently is 68 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.63 in a channel in a 400 pip range. We are looking for an initial move to the 0.214 Fibo @ 113.91 and then the top @ 114.72. The average daily true range (ATR) for the pair currently is 74 pips.

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$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.3321 in a range and in a box. We are looking for move down to the 0.786 Fibo @ 1.3148 and then the continuation to the range bottom @ 1.3031. The average daily true range (ATR) for the pair currently is 109 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7648 in a short trend in a range. It appears that the 4^th wave may be a false breakout to complete the 4^th wave corrective pattern. We are looking for an initial move down to the 0.786 Fibo @ 0.7497 and then the continuation to the day bottom @ 0.7324. The average daily true range (ATR) for the pair currently is 53 pips.