$EURUSD

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. 

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$USDJPY                                                                                                                   

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.

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$GBPUSD                        

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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$AUDUSD – A great smooth currency for Newbie’s1