$EURUSD
WHAT ProAct Traders SEE: We are currently sitting @ 1.4634 after a break of the 0.618 Fibo. The cross still has great targets to the upside – namely the .0.786 Fibo ( R5) @ 1.4746, the resistance @ 1.4776 and also the R7 @ 1.4973. There is an un-squared candle @ 1.4776 area as an overall target. A break to the downside targets the 0500 fibo @ 1.4458. The average daily trading range for the cross currently is 152 pips.
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$USDJPY
WHAT ProAct Traders SEE: We are currently sitting on a significant bottom @ 80.24 from the Day chart. Looking for follow-through to the S6 @ 79.45. This is back into intervention area. A break-up targets the return to the S5 @ 81.70.The average daily trading range for the cross currently is 79 pips.
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$GBPUSD
WHAT ProAct Traders SEE: We have pulled back to the .500 fibo and are currently @ 1.6428. The cross appears to have put in a bottom but too early to tell. We expect a move back above the R5 @ 1.6450 and then to the 1.6508 top and then a decision. Nice target on the break up @ the R6 and 1.270 fib extension @ 1.6678. The average daily trading range for the cross currently is 126 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Aussie is caught in a sideways move to the upside. Currently @ 1.0721 but testing the .500 Fibo @ 1.0728 for a break to the upside. The sideways move now targets the R5 @ 1.0818 and then the R6 @ 1.1051. The average daily trading range for the cross currently is 120 pips.
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