Forex Trading the week of 02\/15\/2026: USDX, EU,UJ,GU

Note: USA and Canada holidays this week! 

USDX: Forex Strategies Waiting: Currently, we are in a sideways move with as much information up as down..  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. Gold and Silver took a hit (probably temporary) with the up move on USDX.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Waiting: We are currently @ 1.1869 in a large Triangle pattern.  We are waiting for a breakout either way.  Up Target is day chart top @ 1.2100.  Down: Target is the R2 @ 1.1665.  The ATR for the pair currently 84 pips and its 90-day average is 54 pips.  

USDJPY                            

Forex Strategies Bearish Bias: We are currently @ 152.69 in a 3rd wave on the Day chart. We are looking for a continuation to the S7 @ 149.62 – 148.42 area.  The average daily true range (ATR) for the pair 140 pips and it 90-day average is 101 pips.

GBPUSD

Forex Strategies: Bullish for now:   We are currently @ 1.3656 in a bull flag (Bullish). After the ABC we are looking for a continuation  to the S5 @ 1.3357.  This could also be a pennant ( Bearish). If USDX resumes down watch for a breakout. Up Target is day chart top @ 1.3850.  Down: Target is the R2 @ 1.3260.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 98 pips and it 90-day average is 72 pips.