Note:shutdown is lowering the ATR – use closer targets until this is over

$EURUSD

WhatForex Target Traders See:  We are currently sitting @1.3554  and it is decision time.  The pair is working in a rising wedge whichshows more bearish movement but we could bounce on the trend wall up.  A couple of different scenarios:  1: bullish: a move to the R6 @ 1.3723 area) 2: Bearish : A break down andsquare up @ the 0.786 Fibo. The average daily true range (ATR) for the paircurrently is 80 pips.

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$USDJPY   

WhatForex Target Traders See:  We arecurrently @ 97.45.  We are out of the Daychart wedge.  Looking for a move to breakthe S5 @ 97.00 area bottom below 96.00 and then the 95.00.  The average (14 day) daily true range (ATR)for the pair currently is 88 pips.

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$GBPUSD 

WhatForex Target Traders See:  Cable iscurrently @ 1.6020 after breaking the Shallow trend.  The larger day chart trend is still in placeso this could simply correct to the 1.5920 area and then bounce.  Don’trule out a real top here and a head and shoulders pattern if it bounces. Theaverage (14 day) daily true range (ATR) for the pair currently is 107pips. 

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

WhatForex Target Traders See:  Aussie iscurrently @ 0.9434 and caught at the top of  a range (IMHO). We could get one more thrustto the R5 @ 0.9500  which would complete5 waves ( if you take FOMC out of the picture) if we bounce on the channel.  A break of the 0.9300 would start the shorts.The average daily true range (ATR) for the pair currently is 87 pips.