REMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! CLICK ON IMAGES TO ENLARGE

Note: Market has a tendency to range prior to Non Farm Payroll (NFP). Watch the GBPUSD – big targets above and below.

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EURUSD

WHAT ProAct Traders SEE: Lots of Fundies next week including the NFP – watch for pricing these in ahead of the announcements. Currently right at the .382 Fibo from the Daily – if it fails or breaks it is the key. If it breaks looking for the 1.3277 Resistance and then the 1.3477. Look for the 1.2645 (.382 Fib) and the 1.2498.

EURUSD-WIS-1.jpg 

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USDJPY

WHAT ProAct Traders SEE: With the Yen strengthening we may see a break out south. Currently testing the bottom at 86.39 after the bear flag break. A break here look for 85.49 area. If the bottom holds look to return to the 87.73 area ( S3 and .500 fibo).

USDJPY-WIS.jpg

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EURJPY

WHAT ProAct Traders SEE: we almost took out the .382 from the Daily and could make one more run to take it out at 115.09. If we do break the channel to the downside look for the 109.77 Support then 108.60.

EURJPY-WIS.jpg

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AUDUSD – A great smooth currency for Newbie’s!

WHAT ProAct Traders SEE: We are sitting right below the .786 fib retracement form the day chart and again a key is what will the market do with that? A break above target the R7 and .270 fib extension area. We could have a strong pullback but then would still need to break the trend line to find the lower targets at the .500 retracement of the last up leg (0.8694).

AUDUSD-WIS.jpg

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EXTREME CAUTION IS URGED – TRADE WITH STOPS!!!!!

BTW – if you want to save the pics, right click and hit “save as”.

 

IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by ProAct Traders, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. We monitor multiple indicators as well as established chart analysis.

There is No “Holy Grail” in trading systems. Do not use our research or any other trading system without proper research on the asset.

This is an opinion ONLY – and not a trade call, but a study that may lead you to a trade. I do not know whether this will transpire or not so use your own judgment.