Good to be back from the Christmas holidays and ready to tackle 2021!Note: USDX: Waiting: We are in a possible 5th wave on the day chart. We have the start of possible divergence for the up move. So, is the 5th wave over? If yes, watch for the up move if no expect them to finish that. ATR’s overall are about the same as last week except for the GBPUSD (+30) and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.2217 in the top of a range and a possible head and shoulders pattern (bearish). A break down here would most likely target the 0.500 Fibo @ 1.2028. Watch for the right shoulder first. Watch the USDX for direction. The ATR for the pair currently is 73 pips per day.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish: We are currently @ 103.32 in a range. We have divergence so anticipating a slow move to the 0.786 Fibo @ 105.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 47 pips. ……………………………………………….. $GBPUSDWhat ProAct Traders See: Bullish to Bearish: We are currently @ 1.3664 in a range setting up a a rising wedge breakout. We are looking for a continuation to the 0.618 Fibo @ 1.3322. Brexit info affecting this pair a lot. Watch the USDX for direction. The average daily true range (ATR) for the pair is 167 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bullish to bearish: We are currently sitting @ 0.7694 in a rising wedge. A couple of different scenarios: 1: Bullish: a continuation here look for a move to the Day chart/Range Top @ 0.7800 then down. 2: Bearish: A Reversal (we have the start of convergence down on the 60 min see inset) here would most likely take out the 0.382 Fibo @ 0.7385. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 71 pips. Chart Graphics - click to open hit ESC to come back