Forex Trading the week of 02\/22\/2026: USDX, EU,UJ,GU

Note: Not many Fundies this week!

USDX: Forex Strategies Waiting: A couple of different scenarios: 1: Bullish: a bounce here indicated it is a 5th wave, look for a move back to the range top. 2: Bearish: A continuation down would indicate it is an ABC pattern. 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 LOWER THAN last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.1782 in a 3rd wave We are looking to continue to the range bottom @ 1.1600 area. The ATR for the pair currently 52 pips and its 90-day average is 54 pips. NOT TRADEABLE!

USDJPY

Forex Strategies Bullish: We are currently @ 155.07 in a 2 wave pullback. We are looking for a continuation to the top @ 157.40 area. The average daily true range (ATR) for the pair 124 pips and it 90-day average is 101 pips.

GBPUSD

Forex Strategies: Bearish: We are currently @ 1.3479 in a 3rd wave. We are looking to continue to the Day chart bottom @ 1.3260 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 84 pips and it 90-day average is 72 pips.

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