Note: Currently USDX is bearish

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1670 in a channel nearing the top of a 5^th wave. We are looking to complete a 5^th wave in the next 100 pips but not sure which target here will be the last. Look for a head and shoulders pattern and then start the descent. The average daily true range (ATR) for the pair currently is 74 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.08 in a 3^rd wave. We are looking to continue down to the square up support @ 109.80 area and watch for a 4^th wave bounce there. The average daily true range (ATR) for the pair currently is 77 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2995 and in a possible (?) 3^rd wave up. If we can break this resistance @ 1.3030 we are looking for a continuation to the 1.270 Fibo @ 1.3268. The average daily true range (ATR) for the pair currently is 76 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7916 and in a 5^th and final wave up. If we print a sideways move we are are looking to continue to the 1.270 @ 0.8145. The average daily true range (ATR) for the pair currently is 60 pips.