$EURUSD
WHAT ProAct Traders SEE: Currently @1 .4181. The cross is in the 5th wave to the downside. If we can break the .786 Fibo @ 1.4152 we are then looking for a continuation to the bottom @ 1.4062. The average daily range is currently 183 pips.
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$USDJPY
WHAT ProAct Traders SEE: We have continued the upward movement in a well formed trend. Currently @ the 80.46 . If we get the break out north look for a move back to the 80.96 area. A breakdown targets the 80.00 area.
The average daily range is currently 58 pips.
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$GBPUSD
WHAT ProAct Traders SEE: Currently @1 .5970. We look like we may have gotten a bounce to the upside but still real downside targets left. Will see what happens IF we bounce to the ..382 fibo @ 1.6064. A breakdown targets the 1.5849 1.270 Fib extension ( S5 also). The average daily range is currently 142 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Aussie is pretty choppy – Currently @1 .500. We are caught in a large sideways move indicating no true direction for the cross. A break south targets the 1.0402 (R5). A break up targets the .786 Fibo @ 1.0609. The average daily range is currently 129 pips.
