What ProAct Forex Target Traders See: We are currently sitting @ 1.0746 after a big reaction to NFP. We are looking for a corrective move first and then a move to the 1.618 Fibo @ 1.0687 with an overall target of 1.0532 this week. The average daily true range (ATR) for the pair currently is 108 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 123.24 and out of the range. We are looking for a correction and then a continuation to the 124.00 area with an overall target of 125.00. The average daily true range (ATR) for the pair currently is 83 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.5041. We are looking for a correction initially, then a move to the 1.270 Fibo @ 1.4958 with an overall target of 1.4767. The average daily true range (ATR) for the pair currently is 102 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7040. We are looking for a corrective move first and then a continuation to the S5 @ 0.7005 with an overall target @ 0.6950. The average daily true range (ATR) for the pair currently is 70 pips.