Note: USDX: Bullish to Bearish –We have quadruple top in play. We have divergence in play on MACD. Will have to see what happens as the market opens. 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 about the same as last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish to Bullish: We are currently @ 1.1806 in a descending wedge which is bearish. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the 0.618 Fibo @ 1.1967. 2: Bearish: A continuation here would most likely take out the Day chart support @ 1.1691 and then a bounce. Watch the USDX for reversal and direction. The ATR for the pair currently is 61 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Waiting: We are currently @ 110.07 in a range in a range. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the range top @ 111.65 2: Bearish: A continuation here would most likely take out the range bottom @ 108.50. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3768 after a breakout. We are looking for a move to the range bottom @ 1.3650. Look for a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 87 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bullish: We are currently sitting @ 0.7401 at the range bottom with divergence in play. WE are looking for a bounce and breakout (once USDX goes down) up. A continuation here would target the 1.618 Fibo @ 0.7297. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62 pips. Chart Graphics - click to open hit ESC to come back