$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3363. Although currently the 240 trend is down we are approaching the day chart trend line to the upside. We are looking for a bounce at the least and a reversal is certainly possible. The key area IF we get the bounce will be the 0.618 Fibo @ 1.3432. The down target on a continuation is the bottom @ 1.3270. Up target on a breakout is the 1.3569 area. The average daily true range (ATR) for the pair currently is 99 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 92.82. A couple of different scenarios. 1: a bounce here for a double top @ 94.00. 2: A bounce lower @ the 0.500 Fibo and potential trend wall for the up move. 3: a Breakout to the 90.38 area. The average daily true range (ATR) for the pair currently is 107 pips.
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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5797. We Have broken the down Trend Line but still waiting to be sure it is not a false breakout. A move back into the trend down would target the double bottom @ 1.5630 and a bounce will target the 1.5900 area. The average daily true range (ATR) for the pair currently is 104 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 1.0315. We do have a potential head and shoulders building signaling a possible move to the top of the trend line and then down. The target on a failure to bounce or a continuation is the S4 @ 1.0243. The average daily true range (ATR) for the pair currently is 68 pips.