$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3076.  We are bearish from here having broken the bear flag to the downside.  The initial downside targets are the double bottom @ 1.3034 (watch for a bounce here)  and then the S5/Day chart bottom @ 1.3008 (watch for a bounce here)  and overall target is the-0.270 Fib extension @ 1.2944.  The average daily true range (ATR) for the cross currently is 102 pips.

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$USDJPY                                       

What ProAct Forex Target Traders See:  We are currently @ 81.03 and still in a bear flag which is bearish.  The flag may continue all the way to 81.55 before shorts come in. Targets down might be the 80.41 bottom then the -2.70 Fib Extension @ 80.09.  Overall target is the 79.60 area.  The average daily true range (ATR) for the cross currently is 70 pips.

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$GBPUSD

What ProAct Forex Target Traders See:  Cable is currently @ 1.5845 in a corrective a-b-c move to the .618 Fibo.  A breakdown of the S4 @ 1.5832 would confirm a potential move initially to the support @ 1.5778 then the -0.270 Fib extension @ 1.5735 area.  A break below that and look for the S5 @ 1.5688.  The average daily true range (ATR) for the cross currently is 95 pips.

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