$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.2289. A couple of different scenarios: 1: bullish: a bounce off the S6 support to the upper day chart trend line @ 1.2450 area). 2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 91 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 121.45 with the R5 and 1.270 Fibo confluence. We are looking for a much needed correction back to the support area @ 116.09. The average daily true range (ATR) for the pair currently is 94 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5572 in a descending wedge which is ultimately bearish. We are looking first for the 1.270 Fibo @ 1.5494 and then the 1.618 Fibo @ 1.5293. The average daily true range (ATR) for the pair is 114 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.8327 in a falling wedge which is ultimately bullish. We also have divergence on the 60 minute chart so expect a move up to correct possible as high as the trend line before bearish resumption to the 0.786 fibo @ 0.8270. The average daily true range (ATR) for the pair currently is 92 pips.