EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1179 in a narrow range. A couple of different scenarios: 1: Bullish: a break above 1.1250 look to move to the range top at 1.1470 area and maybe the 1.1638 and 2: Bearish: a failure to break the 1.1250 area look for a break down to the double bottom support at 1.0837. The average daily true range (ATR) for the pair currently is 71 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 102.06 in an extended 5th wave due to the BOJ policy and at the bottom of a trend. We are looking fo a continuation to the square up at 101.00 before a bounce and continuation to the 0.500 Fibo at 103.20. The average daily true range (ATR) for the pair currently is 159 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.3177 and in a large range. A couple of different scenarios: 1: Bullish: a move to the top at 1.13543 area and 2: Bearish: Continued Brexit effect: A break down to the double bottom support at 1.2944. The average daily true range (ATR) for the pair currently is 188 pips.
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AUD/USD – A great smooth currency for newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7599 and in a channel northbound. We are looking now for a move to the range top at 0.7700 and a possible continuation to the top at 0.7000 area. The average daily true range (ATR) for the pair currently is 77 pips.
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Target FX Trading: EUR/USD, USD/JPY, GBP/USD, AUD/USD
Published 07/29/2016, 05:34 PM
Updated 10/05/2023, 10:02 PM
Target FX Trading: EUR/USD, USD/JPY, GBP/USD, AUD/USD
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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