$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3347 in a wedge suggesting maybe one more move to the top. We are looking for that move to the R6 @ 1.3406 and then a reversal back to the 0.618 fibo @ 1.3187. The average (14 day) daily true range (ATR) for the pair currently is 110 pips.
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$USDJPY
What Forex Target Traders See: We are currently @ 94.35 in what could be the bottom and the start of an a-b-c retracement back to the 96.86. Should we see a break up there, look to the 99.37 area ( 0.500 Fibo) and a break down there and look for a double bottom @ 93.92. The average (14 day) daily true range (ATR) for the pair currently is 199 pips.

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$GBPUSD
What Forex Target Traders See: Cable is currently @ 1.5707 at the day chart trend line in a rising wedge. All are bearish signs. Look to the short side to the support (.500 Fibo) @ 1.5440 and then bounce or back to the bottom. The average (14 day) daily true range (ATR) for the pair currently is 126 pips.

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$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 0.9591 after breaking the down trend line. Expecting a bounce to the upside to the R3 @ 0.9700 and then another break to the R6 target @ 0.9937 area. We would finish up 5 waves at the R3 so don’t rule out the downside risk there. The average (14 day) daily true range (ATR) for the pair currently is 154 pips.

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