$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1109. Structure shows a possible 5 waves up and/or and abc up for a move to the downside. Either way right now we are looking to the S4 @ 1.1050 area. The average daily true range (ATR) for the pair currently is 99 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 124.29 (just 7 pips from last week at this time) and finally trying to trend. We are looking for a break above 1124.50 for a continuation to 126.00 The average daily true range (ATR) for the pair currently is 64 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling currently ranging. A couple of different scenarios: 1: Bullish: a move after the break of the top of the range to 1.5888 area and 2: Bearish: A break down to the support @ 1.5425. The average daily true range (ATR) for the pair currently is 91 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7375. We expect this to be a 5^th wave to the S5 @ 0.7064. Watch for a hard bounce there. The average daily true range (ATR) for the pair currently is 86 pips.