Forex Trading the week of 04\/12\/2026: USDX, EU,UJ,GU

Note: Not many fundies this week! 

USDX: Forex Strategies Bearish: We are in a continuation of a 3rd wave.  We are looking for a continuation to the S9 @ 98.729 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 significantly lower than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1726 . We are in a 3rd  wave. We are looking to continue to the range top  @ 1.1950 and maybe to the R6 @ 1.2058 area.  The ATR for the pair currently 73pips and its 90-day average is 71pips. 

USDJPY                            

Forex Strategies Waiting: We are currently @ 160.29 in a slow up move.  A couple of different scenarios:  1: Bullish: a bounce here look for a move back to the range top @ 160.50. 2: Bearish: A breakdown here targets the range bottom @ 157.89.  The average daily true range (ATR) for the pair 80 pips and it 90-day average is 103 pips.

GBPUSD

Forex Strategies: Bullish:   We are currently @ 1.3461  in a 3rd wave. We are looking to continue to the 1.618  Fibo  @ 1.3678 area and pullback for the continuation to the R6 @ 1.3770.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 93 pips and it 90-day average is 89 pips.