$EURUSD
WHAT ProAct Traders SEE: The upward thrust has continued towards the next resistance @ 1.4485 and the R8 target. There is continued pressure to move to the upper trend wall and the 1.270 Fib extension @ 1.4644. A break of the 1.4644 targets the top of the trend. Look to buy on dips.
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$USDJPY
WHAT ProAct Traders SEE: We are in a large sideways move on the day chart and an uptrend on the 240 min. We are sitting on the .500 fibo @ 83.09 area. If the cross gets legs to the upside look for a move to break the 85.48 level and go to the R6 @ 86.60.
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$GBPUSD
WHAT ProAct Traders SEE: Cross has come to the top of the trend wall and has pulled back here to the 1.6296 at the .382 fibo. A break here targets the S4 @ 1.6196 and the lower trend line. Look for buyers to come back in here. A break of the lower trend line to the downside targets the 1.6100 area
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Aussie continues to set new highs as it broke the former top @ 1.0435. We had a small correction and is now testing the new high @ 1.0581. Cross should continue to have small corrections as it continues to create new highs. A break above the 1.0582 would target the R7 @ 1.0695. All pullbacks should be considered buying opportunities.
