Note: Currently USDX is sort of bullish after FOMC – affects the direction below so I will give both scenarios.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1944 in a range (1 pips from last weeks start). A couple of different scenarios: 1: Bullish: a move to the Day Top @ 1.2095 area and 2: Bearish: A break down to the 0.786 Fibo support @ 1.1755 and then the bottom @ 1.1659. Bearish bias! The average daily true range (ATR) for the pair currently is 87 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.04 in a range. A couple of different scenarios: 1: Bullish: a move to the range top @ 114.40 area and 2: Bearish: A break down to the 0.786 Fibo support @ 109.61 and then the bottom @ 108.77. Bullish bias! The average daily true range (ATR) for the pair currently is 93 pips.

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$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.3523 in a range and a channel that continues. ATR has really risen on this pair by 50 pips a day! A couple of different scenarios: 1: Bullish: a move to the Range Top @ 1.3612 area and 2: Bearish: A break down to the 0.786 Fibo support @ 1.3441 and then the bottom @ 1.3376. Clearly bearish bias! The average daily true range (ATR) for the pair currently is 130 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7963 in a triangle. A couple of different scenarios: 1: Bullish: a move to the Day Top @ 1.8071 area and 2: Bearish: A break down to the 1.270 Fibo support @ 0.7801 and then the 1.618 Fibo support @ 0.7712. Bearish bias! The average daily true range (ATR) for the pair currently is 71 pips.