$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2241 just under the .618 Fibo.  It is our view that the last up move on Friday was a corrective move and that the targets below are still the objective and a move above the 214 Fibo @ 1.2351 would invalidate that position.   A breakdown will target a move back to the double bottom @ 1.2162 and then the two targets are the 1.2147 bottom and below that the S6 @ 1.2085.  The average daily true range (ATR) for the pair currently is 106 pips. 

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$USDJPY                                       

What ProAct Forex Target Traders See:  We are currently @ 79.26 just above the .500 fibo @ 79.17 in a sideways choppy move. A break of this will confirm the move to the S4  @ 79.28.  A breakdown there look  for the double bottom @ 77.67.  The average daily true range (ATR) for the pair currently is 50 pips.

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$GBPUSD

What ProAct Forex Target Traders See:  Cable is currently @ 1.5575 after breaking above the up-trend line.   We expect a rally to the.382 Fibo @ 1.5595 and then a move back to the S5 @ 1.5400.  A break up  would target the 1.5700.  The average daily true range (ATR) for the pair currently is 104 pips.

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

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IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by ProAct Traders, LLC., www.proacttraders.com Forex Target Trading www.forextargettrading.com and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. We monitor multiple indicators as well as established chart analysis in our Forex trading software.

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.