$EURUSD
WHAT Forex Target Traders SEE: We are currently sitting @ 1.3233. We have divergence on the cross so looking for the bounce at the S6 @ 1.3202. The day chart bottom is a little ower @ 1.3202 so may reach out to there. The bounce should go to the S5 @ 1.3435. The average daily trading range for the cross currently is 135 pips.
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$USDJPY
WHAT Forex Target Traders SEE: We are currently @ 77.75 and may finally be on the start of the up move. Currently just above the .618 Fibo. A break of the S3 @ 78.00/78.06 would signal a continuation to the R4 @ 78.90 with an interim stop @ the .382 Fibo @ 78.41 then the 79.00. The average daily trading range for the cross currently is 43 pips.
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$GBPUSD
WHAT Forex Target Traders SEE: We are currently @ 1.5451 with divergence showing on the chart. The day chart support is at 4.5272 and there is a 240 min bottom at 1.5343 . Each could provide the bounce point. A breakdown of these support target the confluence of the 1.270 Fib extension and the S7 @ 1.5179. The bounce would target a move back to the S5 @ 1.5789 . The average daily trading range for the cross currently is 129 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT Forex Target Traders SEE: We are currently @ .969. We have divergence on this chart but there is no sign yet that the market in taking it due to the rectangle that is forming on the 240 min chart. This may go sideways to the Trendline before giving us a real clue since it could just bounce out of the rectangle. The day chart bottom is at 0.9387. The next down target is the -0.270 Fib extension @ 0.94175 and that may be the bounce point. A bounce would give us the target back at the S5 @ 0.9974. The average daily trading range for the cross currently is 139 pips.
