$EURUSD
WHAT Forex Target Traders SEE: We are currently sitting @ 1.3115. We are looking to continue to the downside past the S5 @ 1.3088 to support @ 1.2976. We should get a bounce there before resumption to the double bottom @ 1.3084. We favor selling on the Rallies. The average daily trading range for the cross currently is 118 pips.
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$USDJPY
WHAT Forex Target Traders SEE: We are currently @ 82.42 and reacting to the trend top @ 82.65. We are in a very a strong trending market but cannot tell whether this rally will continue. We should sell a retracement back to the .500 Fibo @ 81.29. A deeper correction would target the 80.99 ( .618 Fibo) area. Upside targets are the 83.23 area ( Fib extensions).The average daily trading range for the cross currently is 79 pips.
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$GBPUSD
WHAT Forex Target Traders SEE: Cable is currently @ 1.5675. Although we are currently in a down trend we can see that Cable is really trading in a very large range. We should see a bounce then at the 1.5649 area. A breakdown here targets the S5@ 1.5715 area. A break below that and look for the bottom @ 1.5514. The average daily trading range for the cross currently is 120 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
