Note: USDX: Waiting: We are in the bottom of a range in a flag pattern and MACD has convergence for a MOVE DOWN. We are also at a significant bounce point and could also just bounce up and stay in the current range. 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 down from last week and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Waiting: We are currently @ 1.1840 in the range. That is 7 pips from where we were last week at this time. We have the start of convergence for the upside move on MACD but is it is not yet convincing. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the range top @ 1.1950 area. 2: Bearish: A continuation here would most likely take out the support @ 1.1750 and then back to the range top. Watch the USDX for direction. The ATR for the pair currently is 82 pips. ¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Waiting: We are currently @ 104.58 in a range and in a channel. A couple of different scenarios: 1: Bearish: a move up to the channel top look for a move down to the S5 @ 103.18. 2: Bullish: A channel break down here would most likely target the 0.500 Fibo @ 105.87 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 50 pips. ……………………………………………….. $GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.2917 in a channel. The corrective Flag pattern suggests one more move to the downside. A continuation here would most likely take out the S7 @ 1.2491. Watch for a bounce to the channel top before the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 140 pips.…………………………………………………$AUDUSD What ProAct Traders See: Waiting: We are currently sitting @ 0.7291 (7 pips from the same price a week ago) in a range. A couple of different scenarios: 1: Bullish: a break of the wedge here look for a move back to the range top @ 0.7414 2: Bearish: A continuation here would most likely take out the range bottom @ 0.7100. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 67 pips. Chart Graphics - click to open hit ESC to come back