$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2985 stuck in a wedge.  Until this wedge breaks it is hard to know the bias.  We are bullish above 1.3050 and bearish below 1.2900.  A break north target the R6 @ 1.3100 then the double top @ 1.3175 with the 1.3278 as the outer target.  A break south target the S5 @ 1.2795 then the support @ 1.2761 with the 1.2623 as the outer target.  The average daily true range (ATR) for the pair currently is 114pips. 

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$USDJPY                                                                                                                   

What Forex Target Traders See:  We are currently @ 78.13 after correcting the FOMC movement.   The dominate trend is still to the downside and the descending wedge confirms the bias to the downside.  On the break down will look for a move to the double bottom @ 77.35.  If we do in fact break north - target the double top @ 79.30. The average daily true range (ATR) for the pair currently is 54 pips.

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$GBPUSD                        

What Forex Target Traders See:  Cable is currently @ 1.6298.  We saw an attempt to break up on Friday that was not successful and left us in an ascending wedge which remains bullish. This would indicate a move to the R7 target @ 1.6455. The average daily true range (ATR) for the pair currently is 81 pips.

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