Forex Trading the week of 06\/22\/2025: USDX, EU,UJ,GU,AU,

USDX: Forex Strategies Bullish to Bearish: Currently, it looks like we might be starting a 5th  wave up. Wait for confirmation.  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 higher than last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish to Bullish: We are currently @ 1.1522 in a 5th  wave (but it is corrective).  We are looking to finish the wave and then resume to 1.1700. Watch the USDX for reversal and direction. The ATR for the pair currently is 90 pips and its 90 day average is 101 pips.  

USDJPY                            

Forex Strategies Bullish to Bearish: We are currently @ 146.10 in a range and possible channel up.  We expect to continue to the Range top area  @ 148.60 area unfolding in 5 waves. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 133 pips and it 90 day average is 161 pips.

GBPUSD                          

 Forex Strategies Bullish to Bearish: We are currently @ 1.3449 in a range and channel. We expect a final move to the S5 @ 1.3250 and then a bounce.   Watch the USDX for direction. The average daily true range (ATR) for the pair 94 pips and it 90 day average is 78 pips.

AUDUSD

Forex Strategies: Bearish:  We are currently @ 0.6521 in a tight range.  We are looking to continue to the1.270 Fibo @ 0.6373. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 60 pips and it 90 day average is 72 pips.