$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0697 in a range. We are just breaking a rising wedge which is bearish for the pair. We are looking to continue down to the square up @ 1.0510. We could bounce at this point to continue down to the double bottom @ 1.0372. Look to the USDX for clues. The average daily true range (ATR) for the pair currently is 80 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 115.05 in a range. We are looking to initially move to the 0.214 Fibo @ 117.11 and then continue to the top @ 118.26. The average daily true range (ATR) for the pair currently is 138 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2560. We are in a large range and just out of a rising wedge which is bearish. We are looking to move to the 0.618 Fibo @ 1.2236 area with a continuation to the bottom @ 1.2102. The average daily true range (ATR) for the pair currently is 148 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7552 just out of a channel. We are looking to the 0.618 @ 0.7410 initially and then to the 0.7300. The average daily true range (ATR) for the pair currently is 66 pips.