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.
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.
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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What ProAct Forex Target Traders See: We are currently @ 1.0235 after breaking the double top @ 1.0204 indicating that the pair will continue the uptrend. Looking for a continuation to the SR6 @ 1.0440. Watch for a pullback first to the double top or lower before the resumption. The average daily true range (ATR) for the pair currently is 121 pips.
CAUTION IS URGED - TRADE WITH STOPS!!!!!
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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.