USDX: Bearish: We are anticipating the breakout of the up channel and we have a long way to the bottom. We have convergence on the 60 min chart (see inset) which is bearish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week-should rise now that the USA holiday is over. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bullish: We are currently @ 1.1017 just out of a channel. We are looking to continue to the short-term range top @ 1.1170. Look for a bounce there and a possible move to 1.1250. Watch the USDX for direction. The ATR for the pair currently is only 38 pips.…………………………………………………$USDJPYWhat ProAct Traders See: Bearish: We are currently @ 109.45 in a range. We are looking for an initial move to the 0.382 Fibo/slope support @ 108.99 and then a bounce. Decision time here. If we breakout target the support @ 108.27. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 45 pips.………………………………………………..$GBPUSDWhat ProAct Traders See: Bullish: We are currently @ 1.2935. We are anticipating a continuation to the range top @ 1.3013. A break up here would continue to the 1.3074 and maybe higher to the 1.3164 area. Watch the USDX for direction and Brexit news. The average daily true range (ATR) for the pair is 72 pips.…………………………………………………$AUDUSDWhat ProAct Traders See: Bearish: We are currently sitting @ 0.6764 inside a tight range and in a falling wedge which is bullish. We are looking for a possible little move to take out the bottom before a reversal and continuation to the range top @ 0.6928 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 34 pips.Graphics - click to open hit ESC to come back