Note: January 16^th is Martin Luther King Day in the USA – Bank Holiday!

$EURUSD
















What ProAct Forex Target Traders See: We are currently sitting @ 1.0644 in a large channel in a range. We are looking to continue working this channel up and down to the range top @ 1.0796. The average daily true range (ATR) for the pair currently is 104 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 117.47. We are looking to initially move to the S6 @ 112.50 and correct there before resumption to the bottom @ 111.38. The average daily true range (ATR) for the pair currently is 130 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2188. We are in a large range. If we can break the slope resistance around 1.2300 we are looking to move to the 0.214 Fibo @ 1.2556 area. The average daily true range (ATR) for the pair currently is 119 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7503 and finished with the cup and handle pattern. By rights we should move to the 0.382 Fibo @ 0.7300. But USDX pressure may push it higher and if so we are looking to the 0.7659 area if that happens. The average daily true range (ATR) for the pair currently is 63 pips.