$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3028 @ a significant top. We are cautious due to this top and the Weekly show another top. We are bullish up to 1.3100 and then to the 1.618 fib extension @ 1.3176 IF, IF we break it. A pullback or reversal here would target the 1.2904 area. The average daily true range (ATR) for the pair currently is 80 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 82.76. We are bullish above 81.40. Looking at 2 scenarios: 1) A pullback to the 81.41 then a bounce back to current top 2) a break out to the 84.10 ( R6/1.270 Fib. The average daily true range (ATR) for the pair currently is 58 pips.
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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.6031 which is a bounce point after a failure to break the top @ 1.6050 area. There is another bounce point below this one @ the .382 Fibo @ 1.5974. A bounce targets the : resistance cluster @ 1.6081, Then the resistance cluster @ 1.6150 area. The average daily true range (ATR) for the pair currently is 71 pips.
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$AUDUSD – A great smooth currency for Newbie’s1
What Forex Target Traders See: Aussie currently sitting @ 1.0481 @ a significant top. We are bullish up to 1.0526 (R5 of the 5th wave). A pullback or reversal there would target the 1.0438 and the 1.0384 area. The average daily true range (ATR) for the pair currently is 66 pips.
