$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3663. We are looking for a pullback, probably to the .500 Fibo @ 1.3488 and then a move to the Fib extension cluster @ 1.3833. Overall target is the 1.3985 area. The average daily true range (ATR) for the pair currently is 89 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 92.75. We are looking for a pullback, and then a move to the 3rd wave R6 @ 93.9. The average daily true range (ATR) for the pair currently is 103 pips.
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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5718. We are back in the trend after a false breakout to the upside. Looking for the S4 support @ 1.5647 area and then a bottom @ the 2nd wave S6 @ 1.5570. The average daily true range (ATR) for the pair currently is 96 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 1.0412 Exactly where we were a week ago. We are trading in a big box ( range) and looking for a bounce at the 1.0350 if we break the descending wedge. The average daily true range (ATR) for the pair currently is 62 pips.
