$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.2828 on the Day chart trend line. This should be the bounce point. I am anticipating the trend shown but it has not been proven so it is just a hypothesis at this point. The bounce should initially go to the R4 @ 1.22979 then pull back to establish the longs and then target the R6 @ 1.3350 area. The average (14 day) daily true range (ATR) for the pair currently is 109 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 103.29 and the break of the R6 suggests a continues move to the 104.13 top. Should see a correction there to the 0.500 Fibo and the maybe another move north to the 1.270 Extension @ 104.87. The average (14 day) daily true range (ATR) for the pair currently is 102 pips.

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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5167 and has been broken the 2.618 Fibo which continues its bearish posture. The next Day chart trend line to the downside is @ 1.5013. Look to the short side first to the1.5100 where we could get a correction and then continue to 1.5013. The average (14 day) daily true range (ATR) for the pair currently is 113 pips.

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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 0.9725. Expecting a pullback to the upside to complete wave 4 @ 0.9919 ( 0.618 fibo) and then another thrust down to the target @ 0.9596 area. The average (14 day) daily true range (ATR) for the pair currently is 101 pips.

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