Forex Trading the week of 09\/28\/2025: USDX, EU,UJ,GU

Note:  JOLTS, ISM and NFP this week!   

USDX: Forex Strategies Bearish to Bullish: Currently, we are in a trend up in a 4th wave.  We anticipate finishing that and then a 5th wave resumption. 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!!!!

LEURUSD

Forex Strategies Bearish: We are currently @ 1.1703 in a channel and 4th wave up. We are looking for a reaction at the channel wall and then a continuation to the S5 @ 1.1540. Watch the USDX for reversal and direction. The ATR for the pair currently is 78 pips and its 90 day average is 84 pips.  

USDJPY                            

Forex Strategies Bullish: We are currently @ 149.53  in a channel. We are in a 4th wave. We are looking to continue to the day chart top @ 150.90. Watch the USDX for direction. The average daily true range (ATR) for the pair 108 pips and it 90 day average is 128 pips.

GBPUSD

Forex Strategies: Bearish:   We are currently @ 1.3401 in a 4th wave. We are anticipating a continuation to the S4 @ 1.3112 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 85 pips and it 90 day average is 90 pips. 

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