$EURUSD
WHAT ProAct Traders SEE: Currently @1 .4260. The cross is 100 pips from the trend wall for a bounce back to the upside. We did bounce on the .786 and the S5 but a break of this to the downside will confirm the move to the bottom. We are bearish to the trend wall. The average daily range is currently 137 pips.
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$USDJPY
WHAT ProAct Traders SEE: We have continued the upward movement in a well formed trend that could actually be a bear flag. Currently @ the 80.62 . If we get the bounce at the trend wall north look for a move to the 81.73 ( .786 fibo) area. A breakdown targets the 80.00 area.
The average daily range is currently 58 pips.
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$GBPUSD
WHAT ProAct Traders SEE: Currently @1 .6046. We have gotten a bounce to the upside off the day trend wall to the .382 fibo. Will see what happens IF we break out of the down channel . A breakdown targets the 1.5936 bottom and a break up targets the 1.6147 (R4) and then the R5 @ 1.6291. The average daily range is currently 120 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Currently @1 .0755. We are hitting very strong resistance at the Rf and .618 Fibo (day chart) A break south targets the 1.0651 support. A break up targets the .786 Fibo @ 1.0885. The average daily range is currently 87 pips.
