$EURUSD
WHAT ProAct Traders SEE: The market moved past the resistance @1.4286 and the upward thrust has continued towards the next resistance @ 1.4482. There is continued pressure to move to the upper trend wall and the R6 @ 1.4626. Should see sellers there for a run at the top again. A break of the 1.4500 targets the top. Look to buy on dips.
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$USDJPY
WHAT ProAct Traders SEE: So far the interventions have worked but the UJ has had trouble at the 85.53 level. We are sitting on the former R5 @ 84.57 area. If the cross gets legs to the upside look for a move to break the 85.53 level and go to the R5 @ 86.90. A move to the downside targets the former R4 @ 83.24.
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$GBPUSD
WHAT ProAct Traders SEE: Cross has come to the top of the trend wall and has pulled back here to the 1.6008. A bounce here could start the trend back to the upside and the R6 @ 1.6547. We could also have a pullback to the lower trend line so watch for that. A break of the lower trend line to the downside targets the 1.6028 (.786 Fibo).
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Aussie continues to set new highs as it broke the former top @ 1.0261. We had a small correction at the 4.236 Fib extension. Cross should continue to have small corrections as it continues to create new highs. A break above the R4 @ 1.0521 would target the R5 @ 1.0665. All pullbacks could be positioning to make a run again at the higher targets since Japan will need lots of rebuilding materials and the Aussies can supply them.
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