We are currently sitting at 1.3393 in the strongest rally since last August. Expecting to top soon – may be now but maybe not until the R6 at 1.3506. If the current move does continue we will look for the day chart top at 1.3484 then the R6 target. A breakdown targets the 1.3063 area. The average daily true range (ATR) for the pair currently is 94 pips.
USD/JPY
We are currently at 89.19 and looking for a top around the 90.00 area. Several possibilities – a sideways move would stabilize the up move for a continuation. We could use a pullback here and if so look for a bounce around the 88.00 area. The average daily true range (ATR) for the pair currently is 78 pips.
GBP/USD
The cable is currently at 1.6121 in a large sideways move. On the sidelines until a true direction is established. A Break up targets the 1.6309 area. A Break down targets the double bottom at 1.600 area The average daily true range (ATR) for the pair currently is 103 pips.
AUD/USD
The aussie is currently at 1.0536. We have breached the high at 1.0580 and looking to continue the uptrend after this pullback probably at the .500 Fibonacci at 1.0500 area. We are looking for a move first to the day chart top at 1.0610 and then the R5 Fibonacci extension at 1.0723. The average daily true range (ATR) for the pair currently is 62 pips. 
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Forex Target Trading: Upcoming Week Of January 13, 2013
Published 01/13/2013, 11:17 AM
Updated 10/05/2023, 10:02 PM
Forex Target Trading: Upcoming Week Of January 13, 2013
EUR/USD
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