Note: USDX is BULLISH (for now) .We expect a pullback before another 5^th wave move to 96.898. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have increased but not by much.

$EURUSD

What ProAct Traders See: Bearish: We are looking to breakdown this week.After the pullback we are looking for a move to the 1.270 Fibo @ 1.1459 and then a continuation to the 1.618 Fibo @ 1.1351 the pair currently is 94 pips.

­­­…………………………………………………

$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 110.61 in a a arrange and a channel. We are looking to break this resistance and continue the move to the 1.270 Fibo @ 113.21.The average daily true range (ATR) for the pair currently is 80 pips.

………………………………………………..

$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.3279 in a range and have bounced at the day chart support.We are looking for a small correction before a continuation to the 1.270 Fibo @ 1.3124 and then to the 1.618 Fibo @ 1.3023.The average daily true range (ATR) for the pair is 95 pips.

…………………………………………………

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

What ProAct Traders See:Bearish: We are currently sitting @ 0.7446 in a range. We are looking for a small correction before a continuation to the 1.270 Fibo @ 0.7339 and then to the 1.618 Fibo @ 0.7247.The average daily true range (ATR) for the pair currently is 67 pips.

……………………………………………….