Target Trading in the Forex week of January 22nd

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0705 in a large channel in a range. We are looking to continue working this channel up to the range top @ 1.0796 and then start a down move. The average daily true range (ATR) for the pair currently is 87 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 114.31. 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 144 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2377. We are in a large range. We are looking to move to the 0.214 Fibo @ 1.2556 area with a continuation to the range top @ 1.2689. The average daily true range (ATR) for the pair currently is 150 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7560 and in a 5th wave. We are looking to the 0.7679 are to top pout and then rollover for a down move. The average daily true range (ATR) for the pair currently is 68 pips.

Posted to Introduction to Forex Targe… on Jan 21, 2017 — 10:01 AM

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