What Forex Target Traders See: We are currently sitting @ 1.3058 after a breakout of the down trend wall. We still need to put a bottom in on this new trend so watch for the pullback first and then the bounce for the move to the R4 resistance @ 1.3152. A false breakout to downside targets the double bottom @ 1.2911. The average daily true range (ATR) for the pair currently is 114 pips.
What Forex Target Traders See: We are currently @ 95.37. Although we have a break of the uptrend we are looking at this to be a correction only since the trend is too shallow. Expecting a bounce on the .500 fibo for a move back to the top @ 96.76. A continuation look to the 1.270 Fib extension @ 97.65. The average daily true range (ATR) for the pair currently is 97 pips.
What Forex Target Traders See: Cable is currently @ 1.5097 on the .382 fibo. We could correct to the .786 fibo @ 1.4971 before the resumption of the trend where a bounce is expected to the R5 @ 1.5208 then the 1.618 Extension @ 1.5341. The average daily true range (ATR) for the pair currently is 115 pips.
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