Forex Trading the week of 08\/09\/2026: USDX, EU,UJ,GU

Note: No Fundies in NY Session This Week!!!!!

USDX:

Forex Strategies Bearish: We are in a bearish rectangle and looking to continue through the range bottom and then we will see. Targets are the 1.270 Fibo @ 99.111 and the S10 @ 98.374. 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 (YEN crosses are different). BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1557 in the start of a bullish move. We are looking for a continuation to the R6 @ 1.1920. The ATR for the pair currently 55 pips and its 90-day average is 53 pips. NOT TRADEABLE!

USDJPY

Forex Strategies Bearish: We are currently @ 157.80 in a bear flag. We are looking for the resumption down to the S7 @ 154.04. The average daily true range (ATR) for the pair 100 pips and it 90-day average is 66 pips.

GBPUSD

Forex Strategies: Bullish: We are currently @ 1.3491 in a rectangle. We are looking for a continuation to the R5 @1.3656. The average daily true range (ATR) for the pair currently is 66 pips and it 90-day average is 73 pips. NOT TRADEABLE!

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