Note: Anticipating USDX to turn up

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0703 in a large range but we have bias north due to a support line and USDX currently down. A couple of different scenarios: 1: Bullish: a move to the 0.382 Fibo @ 1.0652 and bounce to 1.0800 area and 2: Bearish: A break down to the double bottom support @ 1.0500. The average daily true range (ATR) for the pair currently is 55 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 109.10 in a large range and in a nice channel. A couple of different scenarios: 1: Bullish: a move to the square up @ 110.54 and 2: Bearish: A break down to the 0.786 @ 107.36. The average daily true range (ATR) for the pair currently is 85 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2798. We are initially looking for a move to the double top @ 1.2906 and then to the 1.270 Fibo @1.3050 area. The average daily true range (ATR) for the pair currently is 89 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7536 at the possible start of a 5^th wave. A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo @ 0.7692 and 2: Bearish: A wave continuation to the 1.618 Fibo @ 0.7301. The average daily true range (ATR) for the pair currently is 44 pips.