$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3125 on the .500 Fibo in a corrective A-B-C move down. The move is too steep to declare it a down trend. We are waiting to see if we get a bounce here (or at the .618 Fibo) back to the top @ 1.3424. A move to the top may only be to set a head and shoulders and continue down. Looking for opportunities on rallies to short. The average (14 day) daily true range (ATR) for the pair currently is 108 pips. 
 
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$USDJPY
What Forex Target Traders See: We are currently @ 97.77 in a wedge which is bullish for the pair. Should we see a break of the wedge and an opportunity to buy. Dips will give a great opportunity on the way to the 100.00 R6 level with the day chart top possible @ 102.00. The average (14 day) daily true range (ATR) for the pair currently is 202 pips. 

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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5422 at the day chart up trend. The recent move however indicates a correction down to 1.5256 so look to the short side to the support (.786 Fibo) @ 1.5168 (or prior to that the day chart bottom @ 1.5256) and then bounce or back to the bottom. The average (14 day) daily true range (ATR) for the pair currently is 130 pips.

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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 0.9235 after breaking the down S7 support. It is in a sideways move which spells more downside. Expecting a move to the downside to the .500 fibo form the 5/24/10 bottom to the 1/11/10 top @ 0.9125 and then another break to the 0.9000 area. The average (14 day) daily true range (ATR) for the pair currently is 158 pips.