Forex Trading the week of 06\/29\/2025: USDX, EU,UJ,GU,AU,

Note: Jolts, ADP and NFP this week!   

USDX: Forex Strategies Bearish: Currently, it looks like a continuation flag is forming. We have broken the former range down so I am going with a 5th wave to the S10 of the 3rd wave @ 97.279. 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 about the same as last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1692 in a 5th wave. We are looking to finish the wave @ the R7 @ 1.2058. Watch the USDX for reversal and direction. The ATR for the pair currently is 88 pips and its 90 day average is 102 pips.  

USDJPY                            

Forex Strategies Bearish: We are currently @ 144.65 in a range.  We expect to continue to the Range bottom area  @ 141.75 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 130 pips and it 90 day average is 163 pips.

GBPUSD                          

 Forex Strategies Bullish: We are currently @ 1.3719 in a channel. We expect a final move to the S5 @ 1.4319.   Watch the USDX for direction. The average daily true range (ATR) for the pair 105 pips and it 90 day average is 100 pips.

AUDUSD

Forex Strategies: Bullish:  We are currently @ 0.6531 in a tight range.  We are looking to continue to the day top @ 0.6685. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62 pips and it 90 day average is 73 pips.