$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3355 in a wedge at the bottom of the day chart trend wall. If we get the bounce out of the wedge look for the move to the 1.3483 and then we are bullish up to 1.3572. A breakout to downside targets the S6 @ 1.3106. The average daily true range (ATR) for the pair currently is 109 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 93.42. Looking for a possible beak upside to the R5 around 96.02 . We do have a potential head and shoulders showing so only that being invalidated will prove that the move can go here. If the head and shoulders proves out look for the pullback to the R5 91.82. The average daily true range (ATR) for the pair currently is 112 pips.
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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5516 in a bear flag in a protracted down trend. A break of the bear flag presents a move to the S7 @ 1.5395 where a bounce is possible back to the upper trendline @ 1.5560. A break of the S7 targets the 1.270 Fib extension @ 1.5308. The average daily true range (ATR) for the pair currently is 118 pips.
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$AUDUSD – A great smooth currency for Newbie’s1
What Forex Target Traders See: Aussie currently sitting @ 1.0292 and looking to finish @ the S5 1.0226 before a bounce. We are seeing a possible head and shoulders this could be over sooner so wait and see if that materializes. bear flag indicating more downside potential. The average daily true range (ATR) for the pair currently is 72 pips.
