Target Trading in the Forex week of Nov 13th, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0845 bat the bottom of a range. A couple of different scenarios:  1:  Bullish: a bounce on the range bottom and a move back to the 0.500 Fibo 2: Bearish: A break down to the double trend support @ 1.0674. The average daily true range (ATR) for the pair currently is 93 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 106.76 just out of a range.  We are for this pair to trend and continue to the 0.618 Fibo @ 108.17  with an overall target @ 110.40.  The average daily true range (ATR) for the pair currently is 125 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2603 and just out of a large range.  We are looking for a continuation to the day chart top @ 1.2800 and then a 4th wave correction. The average daily true range (ATR) for the pair currently is 117 pips.

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$AUDUSD – A great smooth currency for Newbie’s! 

What ProAct Forex Target Traders See:  Aussie is @ 0.7535 and in a range. We are looking for a move to the range bottom near 0.7735. A couple of different scenarios:  1:  Bullish: a move back to the 0.500 Fibo @ 0.7588 area and 2: Bearish: A break down to the 1.270 Fibo @ 0.7365. The average daily true range (ATR) for the pair currently is 74 pips.