Target Trading in the Forex week of Dec 13th, 2015 (EU,UJ,GU,AU)

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0990. We are looking for a continuation to the R6 resistance @ 1.1144 with an overall target to the 1.618 Fibo @ 1.1364. The average daily true range (ATR) for the pair currently is 101 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 120.78 in a sideways move AGAIN. We are looking for a continuation to the range support @ 120.00 and then a bounce back to the 0.500 Fibo @ 121.83 The average daily true range (ATR) for the pair currently is 75 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Sterling is currently @ 1.5229. We are looking for a continuation of the breakout to the Day resistance@ 1.5431. We are now in a larger ranging area. The average daily true range (ATR) for the pair currently is 101 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7188 in a large box. We are looking for a continuation to the 0.618 Fibo support @ 0.7113 and a continuation to the support @ 0.7013. The average daily true range (ATR) for the pair currently is 71 pips.

Posted to Introduction to Forex Targe… on Dec 12, 2015 — 10:12 AM
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