Target Trading in the Forex upcoming week of June 1, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0983 in a new uptrend. We are looking initially for the R4 Resistance @ 1.1060 and we should see a continuation there to 1.1205 before the pullback. The average daily true range (ATR) for the pair currently is 127 pips.

————————————————————————--

$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 124.11 in a wedge at the top of the trend. Looking now to correct back to 121.79 but we may have pone move push to the R6 @ 124.99.  The average daily true range (ATR) for the pair currently is 84 pips.

——————————————————————————–

$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.5286 at the crossroads. Continue the wave down to the support @ 1.4975 or correct from here back to 1.5500.   The average daily true range (ATR) for the pair currently is 160 pips.

——————————————————————————–

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7646 working a nice channel in a large sideways move.  We are looking to finish at the 0.7528 and the bounce back to the @ 0.7859.  The average daily true range (ATR) for the pair currently is 109 pips.

Views: 311

Comment

You need to be a member of Forex Social Network to add comments!

Members

© 2017   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video