What ProAct Traders See:Bearish: We are currently sitting @ 1.1768 in a range and a channel. We are looking for a small correction and then a continuation to the day chart support @ 1.1554. The average daily true range (ATR) for the pair currently is 86 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 109.31 in a trend and in a 5^th wave. We are looking to continue the move to the 111.80, which equals the 3 wave move.We’ll see if it can continue to the R5 @ 112.41. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.3479 in a range and still in a Darvas Box which is bearish. A break down here would set up move to the day chart bottom @ 1.3336. Watch for a bounce here. The average daily true range (ATR) for the pair is 144 pips.

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

What ProAct Traders See:Bearish: We are currently sitting @ 0.7509 in a range and in a symmetrical triangle whish is also bearish. A break down here would set up move to the day chart bottom @0.7369. Watch for a bounce there but it could break down to the 2.270 Fibo @ 0.7287.Watch the USDX for direction there. The average daily true range (ATR) for the pair currently is 66 pips.