Forex Trading the week of 01\/44\/2026: USDX, EU,UJ,GU

Note: Lots of Fundies including ADP and NFP this week!   

USDX: Forex Strategies Waiting: Currently, we are in a possible c wave (Short) or a 3 wave (Long). We have convergence on the hourlies for the long. 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 after the holiday period.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.1721 after a breakout.  A break of support here would target the S4 @ 1.1564. Watch the USDX for reversal and direction. The ATR for the pair currently is 36 pips and its 90-day average is 49 pips.   NOT TRADEABLE!

USDJPY                            

Forex Strategies Bullish to Bearish: We are currently @ 156.85  at equilibrium of the range. We are looking to  continue to the range top @157.89 area. We have divergence in play on the hourlies.  Expect a selloff at the top.  The average daily true range (ATR) for the pair 80 pips and it 90-day average is 95 pips.

GBPUSD

Forex Strategies: Bearish:   We are currently @ 1.3460 in the start of a short move. We are looking for a continuation initially to the 1.3300 area and possibly to the S5 @ 1.3161 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 60 pips and it 90-day average is 69 pips.