$EURUSD
WHAT Forex Target Traders SEE: We are currently sitting @ 1.3205. We have a stong pullback from the double top. Looking to continue to at least the S5 @ 1.3113 and possible the 0.786 Fibo @ 1.3084. We are in an uptrend so like buying on the dips. A break of the 0.786 targets the 1.3000 area. The average daily trading range for the cross currently is 123 pips.
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$USDJPY
WHAT Forex Target Traders SEE: We are currently @ 81.80 and very near the top @ 82.25 after a strong trending market. We should sell a sell off this week as the market needs to correct. The S4 Target @ 79.91 may be the first bounce point on the pullback. A deeper correction would target the 78.23 ( .618 Fibo) area. The average daily trading range for the cross currently is 90 pips.
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$GBPUSD
WHAT Forex Target Traders SEE: Cable is currently @ 1.5838 after putting in a top above the Day chart top @ 1.5925. We should see a run at the 1.5800 area which could provide a bounce point. A breakdown here targets the S4@ 1.5759 area which looks more promising. A breakdown here and look for the bottom @ 1.5644. The average daily trading range for the cross currently is 113 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT Forex Target Traders SEE: We are currently @ 1.0732 after putting one last high in @ 1.0857. We could see a new trend to the downside or just a sideways move. Either way the target down is the .500 Fibo and S4 @ 1.0642 area. A bounce up target the move back to the top And a breakdown here targets the S5 @ 1.0482. The average daily trading range for the cross currently is 99 pips.
