Bearish: Currently we are at 73.90 in a range and in a triangle.We are looking for the breakout short to the ATR target @ 73.24. Watch for the bounce on the range bottom @ 73.34. The average daily true range (ATR) for the pair currently is 62 pips with a 180-day ATR of 63 Pips. WATCH THE USDX for more clues.

$GBPUSD

What ProAct Traders See:Bearish: We are currently @ 1.2854.We are anticipating that this may be a 3^rd wave – still early.We are looking to continue to the 1.2750 and maybe bounce there.Watch the USDX for direction ...

Bullish: Currently we are at 120.37 in a range and in a channel.A continuation here would target the ATR target @ 121.93 and then the range top @ 121.50 area. Watch for the Sell off there and the resumption ...

Bearish: Currently we are at 1.8927 in a range and in a channel.A break down here would target the ATR target @ 1.8800. This might go before FOMC but mostly likely after. The average daily true range (ATR) for the ...

Two scenarios: Bullish:a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172.2: Bearish: A break down here or the 1.2996 area would set up a nice wave ...

Bullish: Currently we are at 1.9047 in a range.We are looking to continue to the ATR target/range top @ 1.9099. Should see a reaction there – watch for the sell off or continuation to the 1.9200. WATCH THE USDX for ...

Bullish: Currently we are at 2.0129 in a range.We are looking to continue to the ATR target @ 2.0184. We should fill the gap by Friday (although the Gaps are only filled in the FX 78% of the time).WATCH ...

Bearish: Currently we are at 139.68 in a range.We are looking to continue to the ATR target @ 139.07. WATCH THE USDX for more clues.The ATR is 90 Pips per day.

Bearish: Currently we are at 120.25 in a channel.We broke out of the consolidation and we should hit the ATR target @ 119.64. The overall target is the 117.00 area. Watch the 119.28 area. WATCH THE USDX for more clues ...

Bearish: Currently we are at 1.6060 in a channel.We broke out of the symmetrical triangle and we should hit the ATR target @ 1.5991. Watch the 1.6000 area. WATCH THE USDX for more clues.The ATR is 72 Pips per ...

Bullish: Currently we are at 140.75 in a range.If we Break out we should hit the ATR target today @ 141.89. Watch the 141.49 area. WATCH THE USDX for more clues.The ATR is 117 Pips per day.

Bearish: Currently we are at 140.00 in a range.If we do hit the ATR target today @ 120.18it will require the range breakout and would setup a stronger move to the downside to possible the 0.382 Fibo @ 119.23. WATCH ...