Target Trading Week Of September 21, 2014
Scott Barkley | Sep 20, 2014 05:04PM ET
EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.2837. We are looking for a fast correction the finish the 4th wave and then a move down to day support at 1.2624 The average daily true range (ATR) for the pair currently is 65 pips.
USD/JPY
What ProAct Forex Target Traders See: We are currently at 108.95. We are looking for a continuation to the 110.31 area BUT a corrective wave back to the 106.95 area could happen at any moment. The average daily true range (ATR) for the pair currently is 58 pips.
GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting at 1.6301. We are waiting to break the diagonal support and our immediate target is the 0.618 at 1.6179 then 1.6058-6000. The average daily true range (ATR) for the pair currently is 95 pips.
AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.8930. We expect a bounce at the S6 / 0.8909 area and then a continuation to the 2.618 Fibo at 0.8702, The average daily true range (ATR) for the pair currently is 66 pips.
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