Note: USDX: Waiting: We are at a top which MIGHT be a 3rd wave. It is not clear yet whether this is a flag pattern for the up move or 4th wave to set up a 5th wave. 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 lower than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Waiting: We are currently @ 1.1795 at the bottom of a Range. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the0.382 Fibo @ 1.2084. 2: Bearish: A continuation here would most likely take out the S6 @ 1.1629. Watch the USDX for reversal and direction. The ATR for the pair currently is 75 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Waiting: We are currently @ 109.65 in a range and at a Day chart top. We are looking for either a break up here to the R7 Resistance @ 112.46 or a reaction down in the 0.500 Fibo to the 106.24 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 56 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Waiting: We are currently @ 1.3790 near the top of the channel in a range. A couple of different scenarios: 1: Bullish: a break up here look for a move back to the 0.382 Fibo @ 1.4000 area. 2: Bearish: A Break down here would most likely take out the range bottom @ 1.3567. Watch the USDX for direction. The average daily true range (ATR) for the pair is 99 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bullish: We are currently sitting @ 0.7637 near the bottom of the range. We have the breakout of the former channel. We are looking to continue up to the 0.214 Fibo/R4 @ 0.7789-800 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 77 pips. Chart Graphics - click to open hit ESC to come back