Note: USDX is in a range. We are waiting. We have divergence for the reversal and at a significant top. Watch the reaction @ the 98.28 area for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week.$EURUSDWhat ProAct Traders See: Bullish: We are currently @ 1.1216 (2 pips from last week) near a bottom. We are looking for possibly one more move to the range bottom @ 1.1184 but the real move is up to the 0.500 Fibo @ 1.1316 and then above 1.1347 a continuation. Watch the USDX for direction. The ATR for the the pair currently is 58 pips.…………………………………………………$USDJPYWhat ProAct Traders See: We are currently @ 11.73. Bearish: We have a rising wedge reversal pattern in play near the top of this tight range. We are looking for an initial move after the Rising Wedge break down to the 0.500 Fibo @ 110.76 and then a continuation to the range bottom @ 109.70 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 59 pips.………………………………………………..$GBPUSDWhat ProAct Traders See: We are currently @ 1.3035. Bullish: We are looking for possibly one more move to the range bottom and then a move to the 0.500 fibo @ 1.3087 and then the range top @ 1.3200 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 128 pips.…………………………………………………$AUDUSD – A great smooth currency for Newbie’s!What ProAct Traders See: We are currently sitting @ 0.7106 in a tight range. Bullish to Bearish: we are looking for an initial move to the range top @ 0.7165 area then down to the 0.7060. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 53 pips.