Note: USDX is inconclusive.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0598. . A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo @ 1.0761 area and 2: Bearish: A break down to the day bottom support @ 1.0348. We are bearish. The average daily true range (ATR) for the pair currently is 63 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.93 in a large channel but near the bottom. A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo @ 117.18 area and 2: Bearish: A break down to the day bottom support @ 111.38. We are bullish. The average daily true range (ATR) for the pair currently is 87 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2280. We are in a large range and in a channel. We are looking to continue to the 1.270 Fibo @ 1.2187 and then down to the day support @ 1.2102. The average daily true range (ATR) for the pair currently is 95 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7585 in a range. We are looking to continue down to the to the 0.382 @ 0.7493 and then continue to the 0.500 Fibo @ 0.7429. The average daily true range (ATR) for the pair currently is 51 pips.