Note: USDX is bullish and quite possibly trending?We are looking for a pullback and possible 4^th wave before the continuation to the upside and then a move to the 0.618 Fibo @ 94.736 and a bounce there. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have DECREASED but if we are starting to trend, could increase back to normal.

$EURUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.1402 in a possible 3^rd wave in a trend. A couple of different scenarios:1:a bounce here look for a move back to the S3 @ 1.1485 and then a continuation. 2: A break down here would set up a nice long 3 wave to 1.1250 and then the pullback. Watch the USDX for direction. The ATR for the the pair currently is 66 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 110.82 in a range and a channel. A couple of different scenarios:1:Bullish: a bounce here look for a move back to the range top @ 113.00. 2: Bearish: A continuation here would most likely take out the square up @ 110.00 and then back to the range top. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 61 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2767 at the bottom of a 3^rd wave.We are looking for a 4^th wave pullback to 1.2900 and then a 5^th wave continuation to the Day chart bottom @ 1.2594.The average daily true range (ATR) for the pair is 80 pips.

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

What ProAct Traders See:Up and down: We are currently sitting @ 0.7296 in a range.We A couple of different scenarios:1:Bullish: a bounce here look for a move back to the range top @ 0.7526. 2: Bearish: A continuation here would most likely take out the day chart bottom @ 0.7152 and then back to the range top. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips.