Forex Trading the week of 10\/12\/2025: USDX, EU,UJ,GU
USDX: Forex Strategies Bearish: Currently, we are in a possible ABC correction in a range despite positive Fundies on Friday. 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, probably Bullish: We are currently @ 1.1623 after a bounce on the bottom. We are looking for a continuation to the 0.500 Fibo @ 1.1731. Watch the USDX for reversal and direction. The ATR for the pair currently is 70 pips and its 90 day average is 81 pips.
USDJPY
Forex Strategies Bearish: We are currently @ 151.19 in a AABC corrective move in a big range. We are looking to continue to the S5 @ 143.47. Watch the USDX for direction. The average daily true range (ATR) for the pair 124 pips and it 90 day average is 125 pips.
GBPUSD
Forex Strategies: Bullish: We are currently @ 1.3359 in a range. We are anticipating a breakout and continuation to the 0.500 Fibo @ 1.3492 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 86pips and it 90 day average is 90 pips.
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