$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2300 after decisively breaking through the R4 @ 1.2277.  We are bullish and expect a bounce on the R4 for the %5 Target @ 1.2421.  This would also complete a 1 and 2 wave and start the 3^rd wave.  The overall target is the resistance and R6 @ 1.2625-55 area.   A breakdown will target a move back to the R3 @ 1.2188.  The average daily true range (ATR) for the pair currently is 128 pips. 

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$USDJPY                                       

What ProAct Forex Target Traders See:  We are currently @ 78.51 and we think a bottom has been put in on the pair – at least temporarily.  We do not want to rule out a deeper move down to the S5!  IF this bottom is just a bounce to get the corrective move underway to find sellers for the S5 target @ 76.86.  Will look for that move at around the 0.382/S3 @ 79.19.   The average daily true range (ATR) for the pair currently is 39 pips.

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$GBPUSD

What ProAct Forex Target Traders See:  Cable is currently @ 1.5723  and near the top of the trend and a day chart top @ 1.5780.  Reality is that we are basically inside a large range so a break of the 1.5780 would indicate a move to the R6 @ 1.6001 area.  A failure to break would indicate more ranging and a corrective move back to the 0.618/R3 area @ 1.5538.   The average daily true range (ATR) for the pair currently is 124 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.