Note: USDX: Waiting – Bearish now due to NFP but probably Bullish: We have a breakout of the former channel down and we had initial traction to the upside before Non Farm Payroll. It may be a cup and handle which is bullish. 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!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.2179 in a channel to the downside near the top of the range. A continuation here would most likely target the S4 @ 1.2034. Watch the USDX for reversal and direction. The ATR for the pair currently is 65 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish: We are currently @ 109.55 in a channel in a range. We are looking for a continuation to the Range Top @ 111.00. Watch for a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.4160 and MAYBE in the start of a channel to the downside (still sideways), have a triple top in place and are looking for a move DOWN to the to the S5 @ 1.3855. Watch the USDX for direction. The average daily true range (ATR) for the pair is 87 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7739 in a tight range and in a slow channel to the downside. A continuation here would target the Range Bottom @ 0.7523 . Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 60 pips. Chart Graphics - click to open hit ESC to come back