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This is what I see in the Forex the week of January 27th, 2019

Note: USDX is in a range. We are currently bearish due to breakout of the former channel up. Watch the reaction @ the 95.018 area for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are dramatically lower.

$EURUSD

What ProAct Traders See: We are currently @ 1.1415. Bullish: we are looking for a move up to the range top @ 1.1585. We could continue up here to 1.1666 or react here back to the downside to the 0.500 Fibo @ 1.1393. Look for bounce at both points. Watch the USDX for direction. The ATR for the the pair currently is 67 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 109.52. Bearish: We are looking for a continuation down to the 0.618 Fibo @ 108.76 and then to the range bottom@ 108.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 65 pips.

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$GBPUSD

What ProAct Traders See: We are currently @ 1.3213 in a large range. A couple of different scenarios: 1: Bullish: a bounce above 1.3267 look for a move to the 1.270 Fibo @ 1.3465. 2: Bearish: A reaction down @ the 1.3257 would most likely go back to the psychological value @ 1.3000. Watch the USDX for direction. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 118 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See: Bullish: We are currently sitting @ 0.7184 in a range. We are looking for a continuation to the range top @ 0.7239 and then a move back down to the 0.500 Fibo @ 0.7082. A move out of the range to the 1.270 Fibo @ 0.7336 cannot be ruled out though. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 51 pips.

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