$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2655 just under the day chart trendline @ 1.2685.  There is no real trend established and the latest move was fundamental in nature not technical.  If we break the top we are bullish to the R5 @ 1.2784 and then the -0.618 fib extension @ 1.2871.  A breakdown will target a move back to the .786 Fibo/ R1 @ 1.2468.  We need a pullback to establish the uptrend so expect that to be built before a break of the top.  The average daily true range (ATR) for the pair currently is 123 pips. 

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$USDJPY                                       

What ProAct Forex Target Traders See:  We are currently @ 79.94 just under the .382 fibo @ 80.00. A break of the 80.06 will confirm the move to the R4  @ 80.95.  A breakdown look for the double bottom @ 78.62.  The average daily true range (ATR) for the pair currently is 73 pips.

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$GBPUSD

What ProAct Forex Target Traders See:  Cable is currently @ 1.5661 after breaking the day chart trend line.   We expect a bounce on the .618 Fibo @ 1.5597 and then a move to the R5 @ 1.5858.  A breakdown would target the 1.5400.  The average daily true range (ATR) for the pair currently is 116 pips.

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

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There is No “Holy Grail” in Forex trading systems. Do not use our research or any other trading system without proper research on the asset.

This is an opinion ONLY - and not a trade call, but a study that may lead you to a trade. I do not know whether this will transpire or not so use your own judgment.