EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.0584 near the bottom of the day chart trend. We anticipate a 4th wave correction and then resumption to the target at 1.0348. The average daily true range (ATR) for the pair currently is 104 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently sitting at 113.05. We anticipate a 4th wave correction and then resumption to the target at 116.81. The average daily true range (ATR) for the pair currently is 148 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.2476 and in a large range. A couple of different scenarios: 1: Bullish: a move above 1.2500 look to the range top at 1.2800 area and 2: Bearish: A break below 1.2380 look to the range bottom at 1.2088. USDX will tell the tale. The average daily true range (ATR) for the pair currently is 126 pips.
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AUD/USD – A great smooth currency for Newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7435 and finally in a trend. We are looking for a 4th wave correction either here or higher at the trend wall and then a continuation to 0.7200. The average daily true range (ATR) for the pair currently is 83 pips.