Note: Non Farm Payroll this week!
USDX: Forex Strategies Bullish: We are just starting a possible 5th wave up. We are looking for a continuation to the 1.000 Fibo @ 103.745 area and then decision time. 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 slightly lower than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD
Forex Strategies Bearish: We are currently @ 1.1511 . We are in a 5th wave. We are looking to continue to FIRST to the range bottom @ 1.1400 and maybe to the S5 @ 1.1261 area. The ATR for the pair currently 89 pips and its 90-day average is 65 pips.

USDJPY
Forex Strategies Bullish: We are currently @ 160.29 in a slow up move. We are looking for a continuation to the Day chart top @ 161.92 area. The average daily true range (ATR) for the pair 103 pips and it 90-day average is 104 pips.

GBPUSD
Forex Strategies: Bearish: We are currently @ 1.3262 in a range. We are looking to continue to the 4.236 Fibo @ 1.3140 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 110 pips and it 90-day average is 85 pips.

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