Note: USDX: Bullish: We are headed up in what may prove to be the actual end of the down trend. Expect a short pullback to set the channel before resumption up. The USD pairs should prove it out when the market opens. All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.2020 in the start of a down channel. We are looking for a small bounce to set the channel and then looking for a continuation up to the S4/0.500 Fibo @1.1917-27 area. Watch there for a reversal. Watch the USDX for reversal and direction. The ATR for the pair currently is 60 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish: We are currently @ 109.35 in a possible 3rd wave in a Trend. We are looking for a continuation to the 0.214 Fibo @ 110.25. Watch for the 4th wave there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 56 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3819 in a range. We are looking for a small bounce to set the channel and then looking for a continuation down to the Range Bottom @1.3681 area. Further targets are the 1.270 Fibo @1.3579 and the 1.618 Fibo @ 1.3461. Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7716 in a range We are looking for a small bounce to set the channel and then looking for a continuation up to the 0.618 Fibo @ 0.7641 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 68 pips. Chart Graphics - click to open hit ESC to come back