Note: all USD currency pairs may be squared up – hard to tell at this point.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0870. We are looking for a continuation to the resistance and then decision time: a move to @ 1.1078 with an overall target of 1.1380 or a square up @ 1.0550. The average daily true range (ATR) for the pair currently is 94 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 123.21 in a sideways move AGAIN. We are WAITING for direction! A couple of different scenarios: 1: Bullish: a move to the Fibo @ 124.16 area) and 2: Bearish: A break down to the range bottom support @ 122.25. The average daily true range (ATR) for the pair currently is 61 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling is currently @ 1.5101. We are looking for a continuation to the Trend resistance and then decision time: a move to @ 1.5028 (completes a 5^th wave Head and shoulders pattern) with an overall target of 1.1500. The average daily true range (ATR) for the pair currently is 95 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7339 in a large box. A couple of different scenarios: 1: Bullish: a move above the upper range @ 0.7498 area) and 2: Bearish: A break down to the support @ 0.7013. The average daily true range (ATR) for the pair currently is 67 pips.