$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0697 in a rising wedge which is ultimately bearish. We are looking to continue up to the 1.270 Fibo @ 1.0887 and then reverse to the 0.618 Fibo @ 1.0700. The average daily true range (ATR) for the pair currently is 79 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.06 in a large channel. We are looking to initially move up to the channel top near 114.16 and then continue to the bottom @ 111.38. The average daily true range (ATR) for the pair currently is 134 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2481. We are in a large range and just out of the up channel. We are looking to bounce to set the top of the new down channel and then continue to the 0.214 Fibo @ 1.2181. The average daily true range (ATR) for the pair currently is 136 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Forex Target Traders See: Aussie is @ 0.7676 nearing the top of a channel. We are looking to the former top @ 0.7782 initially and then reverse to the 0.214 Fibo @ 0.7537. The average daily true range (ATR) for the pair currently is 58 pips.