$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2562 just above the .500 Fibo which is acting as support. We are bearish since we have broken the former uptrend but not ruling out a bounce at this level back to the top. We could see a sideways move. A break of the S4 and we will look for the S5 target @ 1.2373. Lower target this week is the bottom @ 1.2289. The average daily true range (ATR) for the pair currently is 122 pips.
—————————————————–
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 80.42 and firmly on the buy side of the order flow. A break of the top @ 80.58 will confirm the uphill move and we will look for the R5 @ 81.43. Upper target this week is the -0.618 Fib extension @ 82.35. The average daily true range (ATR) for the pair currently is 65 pips.
—————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently @ 1.5583 after putting a top in place. Although we have not broken the uptrend YET, we anticipate that is the next event and will confirm the bearish move. We expect a move to the S5 @ 1.5402 and then a move to the double bottom @ 1.5255. A bounce will target the 1.5700. The average daily true range (ATR) for the pair currently is 132 pips.
—————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: We are currently @ 1.0069 after breaking the uptrend indicating that the pair put a top in place. Currently we are at the .500 Fibo so could see a bounce here before resumption. Looking for a continuation to the S4@ 0.9971. A move below the S4 will signal to set a new trendline top and then a move to the 0.9827. The average daily true range (ATR) for the pair currently is 103 pips.
