$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3393 in the strongest rally since last August. Expecting to top soon – may be now but maybe not until the R6 @ 1.3506. If the current move does continue we will look for the day chart top @ 1.3484 then the R6 target. A breakdown targets the 1.3063 area. The average daily true range (ATR) for the pair currently is 94 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 89.19 and looking for a top around the 90.00 area. Several possibilities – a sideways move would stabilize the up move for a continuation. We could use a pullback here and if so look for a bounce around the 88.00 area. The average daily true range (ATR) for the pair currently is 78 pips.
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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.6121 in a large sideways move. On the sidelines until a true direction is established. A Break up targets the 1.6309 area. A Break down targets the double bottom @ 1.600 area The average daily true range (ATR) for the pair currently is 103 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 1.0536. We have breached the hig @ 1.0580 and looking to continue the uptrend after this pullback probably at the .500 fibo @ 1.0500 area. We are looking for a move first to the day chart top @ 1.0610 and then the R5 Fib extension @ 1.0723. The average daily true range (ATR) for the pair currently is 62 pips.
