Note: USDX: Waiting – A couple of different scenarios: 1: Bullish: a bounce here, look for a move back to the Channel top @ 95.546. 2: Bearish: A continuation here would most likely take out the square up @ 95.543. 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 (reflecting the holiday period) than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bullish for now: We are currently @ 1.1378 just out of a tight range. With USDX POSSIBLY Bearish, we are looking for the continuation to the R4/1.618 Fibo @ 1.1421-27 area. We have convergence on the 240 min MACD. Watch the USDX for reversal and direction. The ATR for the pair currently is 66 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish to Bearish: We are currently @ 115.10. We are currently in a up channel but possible weakening due to the start of divergence on the 4 hour, and we expect a breakdown. The target is the channel bottom @ 114.39 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 46 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bullish: We are currently @ 1.3551in a channel to the upside. A continuation here would most likely take out Square up @ 1.3610 and then the next one @ 1.3737. Watch the USDX for direction. The average daily true range (ATR) for the pair is 82 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bullish: We are currently sitting @ 0.7273 in a flag pattern. We are looking for a move to the R5 @ 0.7371. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 58 pips. CAUTION IS URGED - TRADE WITH STOPS!!!!!Chart Graphics - click to open hit ESC to come back