Note: USDX: Waiting: We are in a possible a-b-c- correction to start a 5th wave down. The USD pairs should prove it out when the market opens. The overall target is the Square Up @ 91.75. All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bullish for now: We are currently @ 1.1871 after putting in a possible 4th wave correction. We are looking for a continuation up to the R5 @1.2081. Watch there for a reversal. Watch the USDX for reversal and direction. The ATR for the pair currently is 63 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bearish: We are currently @ 109.67 in a channel. We are looking for a continuation to the S4 support @ 108.82 and a possible continuation 0.500 Fibo @ 108.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 58 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Waiting: We are currently @ 1.3706 at the bottom of the range. A Break down here would most likely take out the S6 @ 1.3632. A bounce would target the 0.500 Fib0 @ 1.3956. Watch the USDX for direction. The average daily true range (ATR) for the pair is 87 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7621 at the top of the channel. Although USDX has continued down Aussie has not followed suit up? We have a flag pattern in play which is bearish, and that breakout would target the S6 @ 0.7400 area. 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