Note: USDX: Bearish: We are in a channel. We have the possible start of convergence in play for the down move.  ATR’s overall are the same as last week and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1.2119 in a range and in a new channel. The Flag pattern suggests the continuation here to the Range Top/R5 @ 1.2333.  the USDX for direction. The ATR for the pair currently is 68 pips per day.

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$USDJPY 

What ProAct Traders See: Bearish: We are currently @ 104.95  in a new channel.  We are anticipating a move to the S4 support @ 103.45 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is ONLY 45 pips. 

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$GBPUSD

What ProAct Traders See: Bullish: We are currently @ 1.3852 in a channel. We are looking for a continuation to the R6 @ 1.4063. Watch the USDX for direction. The average daily true range (ATR) for the pair is 91 pips.

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$AUDUSD  

What ProAct Traders See:  Bullish:  We are currently sitting @ 0.7757 in a range. We are looking for a reaction at the range top and then either a move to the 1.270 Fibo or a reversal. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 70 pips. 

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