Note: USDX: Bearish: We are headed down in what may prove to be the actual end of the down trend. If my count is right, we are in a 5th wave to the finish. 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 higher than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bullish: We are currently @ 1.2165 in a 5th wave. We are looking for a continuation up to the Day chart top @1.2350 area. Watch there for a reversal. Watch the USDX for reversal and direction. The ATR for the pair currently is 68 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bearish: We are currently @ 108.61 after a significant pullback in a range. We are looking for a continuation to the S5/0.618 Fibo @ 110.25. Watch for a bounce there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 59 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bullish: We are currently @ 1.3987 in a possible 3rd wave of a trend. We are looking for a continuation to the 0.214 Fibo @1.4119 area. Watch for a 4th wave there. Further target is the Day top @1.4242 and 1.4300. Watch the USDX for direction. The average daily true range (ATR) for the pair is 92 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bullish: We are currently sitting @ 0.7844 in a channel in a range We are looking for a continuation up to the range top @ 0.8000 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 74 pips. Chart Graphics - click to open hit ESC to come back