GBP/USD Currently Sitting At 1.6087 In Consolidation
Scott Barkley | Oct 18, 2014 12:40PM ET
EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.2760. We are looking for the finish of the correction in the 1.3000 area then down to the S8 target at 1.2422. The average daily true range (ATR) for the pair currently is 131 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 106.92. We are looking for a higher correction to the 0.214 Fibo at 108.20. A continuation then to the 0.500 fibo at 105.56 . The average daily true range (ATR) for the pair currently is 108 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting at 1.6087 in consolidation with a channel to the downside We are looking for a pullback and with a target down to the 1.270 Fibo at 1.5892 and overall target the 1.618 fibo at 1.5686. The average daily true range (ATR) for the pair is 137 pips.
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AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.8765 in a sideways move which is bearish. We expect a break of the 0.8650 area and then a big move to the S7 at 0.8413! The average daily true range (ATR) for the pair currently is 120 pips.
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