Forex Trading the week of 02\/01\/2026: USDX, EU,UJ,GU

Note: Jolts, ISM, ADP and NFP this week! Also, EURUSD and USDCHF can now be traded

USDX: Forex Strategies Bearish: Currently, we are in a possible ABC or 3rd wave up. We have convergence on the hourlies for the long. Watch for either scenarios and adjust accordingly. 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 way up over last week. Gold and Silver took a hit ( probably temporary) with the up move on USDX. Below is based on USDX doing a 5 wave pattern. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.1850 in a 3rd wave in a channel. We are looking for a continuation to the S5 @ 1.1702. The ATR for the pair currently is 88 pips and its 90-day average is 52 pips.

USDJPY

Forex Strategies Bullish: We are currently @ 154.78 in a 3rd wave up. We are looking for a continuation to the 157.89 area. The average daily true range (ATR) for the pair 139 pips and it 90-day average is 96 pips.

GBPUSD

Forex Strategies: Bearish: We are currently @ 1.3685 in a 3rd wave. We are looking for a continuation to the 0.382 Fibo @ 1.3540. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 87 pips and it 90-day average is 69 pips

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