$EURUSD
WHAT Forex Target Traders SEE: We are currently sitting @ 1.3173 on the .382 Fibo. Looking to continue down to the S4 @ 1.3079 and bounce on the trend wall back to the top. A break of the trend wall and we will look to the 1.3000. The average daily trading range for the cross currently is 123 pips.
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$USDJPY
WHAT Forex Target Traders SEE: We are currently @ 77.63 after a strong bounce. BOJ states they will intervene “stealthily” vs. shock and awe so looking for continued advancement to the upside. Looking for a continuation back to the top @ 78.20. The average daily trading range for the cross currently is 43 pips.
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$GBPUSD
WHAT Forex Target Traders SEE: Cable is currently @ 1.5736 on strong support and the .500 Fibo. A break to the downside targets the .618 initially @ 1.5693 – a break here targets the .786 Fibo @ the 1.5620 area. The average daily trading range for the cross currently is 106 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT Forex Target Traders SEE: We are currently @ 1.0659 and sitting on the day chart trend wall. This is a critical area for direction. A bounce would take it back to the S2 @ 1.0754. A break down target the S5 @ 1.0456. The average daily trading range for the cross currently is 103 pips.
