$EURUSD
WHAT ProAct Traders SEE: The market has continued to the upside and had a small pullback. There is a possibility of a pullback to the .382 Fibo @ 1.4462 and then looking for a continuation to the top @ 1.4661.). Watch the 1.4700 even number which is a psychological number as well.
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$USDJPY
WHAT ProAct Traders SEE: We have continued the downward slide in a well formed trend. Currently sitting on the .786 Fibo and a breakdown here targets the 80.74 (double bottom) . If we get the breakout north look for a move back to the R5 @ 8.
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$GBPUSD
WHAT ProAct Traders SEE: We took out the 1.4661 and have had a small pullback to the 1.6516. Could see a larget poullback to the .382 Fibo @ 1.6434 before resumption to the 1.270 Fib extension @ 1.6716 and then the R6 @ 1.6778.
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$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 1.0649 ( .382 Fibo)). Working a nice channel to the upside now with the new target the 1.866 (1.270 fib extension) with the 1.618 @ 1.0982 looming above that. We are in the stratosphere so be ready for a major correction.
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