$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1135 and could be finishing a 4^th wave (although no a-b-c is seen yet). Short term of course you can see a potential move down to the 1.0993 before the bounce. Either way we are looking to continue to the R6 @ 1.1338 with a continuation to the 1.270 Fibo @ 1.1476. The average daily true range (ATR) for the pair currently is 101 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 112.57. We are looking for a move to the S7 again @ 111.93 and then the Fibo @ 109.88. Watch for an inverse head & shoulder pattern. The average daily true range (ATR) for the pair currently is 141 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.4361 back in the up channel after a quick breakout. We are looking for a move to the square up @ 1.4411 and a POSSIBLE move down to 1.4200 or a breakout to the1.4500. The average daily true range (ATR) for the pair currently is 134 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7145 (9 pips from this time last week) and in a wedge in a large range. A couple of different scenarios: 1: Bullish: a move to the range top @ 0.7400 area and 2: Bearish: A break down to the Fibo support @ 0.6816. The average daily true range (ATR) for the pair currently is 86 pips.