$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.2707 @ the 0.214 Fibo after bouncing on the support @ 1.2640. We are bearish below 1.2821 and waiting for the pullback to finish. We are looking for downward traction to the confluence of the S5 and 1.270 Fib extension @ 1.2641 area. . A break there would target the support cluster around 1.2574-1.2623. The average daily true range (ATR) for the pair currently is 86pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 79.48 after a pullback to the 0..618 fibo @ 79.02. We are bullish above 79.02. Looking to move first to the R4 @ 80.27 the the second wave R5 resistance @ 80.91 as the target. The average daily true range (ATR) for the pair currently is 54 pips.
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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5898. We are in a large down trend. The targets down are: support cluster @ 1.5846, Then S5 support @ 1.5800. We should see some bounce on the 1.5800 support. The average daily true range (ATR) for the pair currently is 84 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 1.0412. Although the trend is up and in position to do a 5th wave the failed attempt to break upward suggests that the pair may reverse and get in line with the EU and GU. If we get a break out above the 1.0481 we will look for the R2 target this week @ 1.0236. The average daily true range (ATR) for the pair currently is 68 pips.
