Forex Trading the week of 01\/11\/2026: USDX, EU,UJ,GU

Note: Lots of USD Fundies this week!   ATR’s are really low so look for opportunities in the exotics.

USDX: Forex Strategies Bullish: Currently, we are in a 3rd wave up.  We could have a 4th wave anytime and then resumption to the range top. We have convergence on the hourlies for the long. The ATR currently is 736 pips and its 90-day average is 1004 pips per day.   The 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 about the same as last week – but should rise now that we are in winter trading.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.1633 in a channel.  We are looking for a continuation of the 3rd wave to the S4 and then a bounce with the overall target 1.1500.  The ATR for the pair currently is 38 pips and its 90-day average is 48 pips.   NOT TRADEABLE!

USDJPY                            

Forex Strategies Bullish: We are currently @ 158.09  in a 3rd wave up. . We are looking to  continue to the day top @158.86 area. Watch for a 4th wave there and then the overall target is 160.00 area. We have convergence in play on the hourlies.  Expect a selloff at the top.  The average daily true range (ATR) for the pair 63 pips and it 90-day average is 95 pips. Almost NOT TRADEABLE!

GBPUSD

Forex Strategies: Bearish:   We are currently @ 1.3396 in the start of a short move. We are looking for a continuation initially to the S4 @ 1.3336 area and a pullback there.  The target overall is the S5 @ 1.3190 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 59 pips and it 90-day average is 66 pips.  NOT TRADEABLE!