$EURUSD
WHAT ProAct Traders SEE: The market has broken to the upside and looking for a continuation to the top @ 1.4291 ( also the 1.618 fibo extension). We should see some consolidation here before the run to the R6 @ 1.4363. this is a good place for a reversal should they want to do that. A move down to the R5 (1.4130) first is not out of the question. Breaking that look for a move to the .500 fibo @ 1.4000. Looking for an overall target of the 1.4553 ( 2.618 target).
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$USDJPY
WHAT ProAct Traders SEE: We have taken out the critical top @ 84.48. Looking for a sideways move and then a continuation to 85.49 (1.270 fib extension). A break here targets the 87.47 (1.618 fibe extension) and then the R7 @ 88.12. This is a big movbe for the cross so be wary. Downside target risk is the R5 @ 82.02.
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$GBPUSD
WHAT ProAct Traders SEE: We are nearing a critical area the .500 and the R4 at the same are @ 1.6170. We are bullish on the cross but NFP numbers were positive for the USD. Targets up would be the .382 fibo at 1.6224 and 1.6319. Downside looking for a move back to the R3 at 1.6081.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: No end in sight – cross has had virtually no correction so be wary of it ( might move back to the 1.,0253). Working a nice channel to the upside now with the new target the 1.0472 (1.270 fib extension) with the 1.618 @ 1.0681 looming above that. We are in the stratosphere so be ready for a major correction.
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