Forex Trading the week of 06\/21\/2026: USDX, EU,UJ,GU

Note: AUSSIE Fundies this week!

USDX:

Forex Strategies Waiting but Bearish bias: We are looking for head and shoulders pattern to confirm the down move. 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. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Waiting: We are currently @ 1.1471 in a 5th wave in the bottom of a range. We are looking for a bounce to the 0.382 Fibo @1.1579. The ATR for the pair currently 64 pips and its 90-day average is 66 pips. NOT TRADEABLE!

USDJPY

Forex Strategies Waiting: We are currently @ 161.31. We are looking for a reversal EVENTUALLY. The average daily true range (ATR) for the pair 58 pips and it 90-day average is 81 pips. NOT TRADEABLE!

GBPUSD

Forex Strategies: Bearish: We are currently @ 1.3234 in a range. We are at a significant support which could be enough to bounce. If not, we are looking for a continuation to the range bottom @1.3009. The average daily true range (ATR) for the pair currently is 86 pips and it 90-day average is 86 pips.

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