Forex Trading the week of 11\/23\/2025: USDX, EU,UJ,GU

Note: Thanksgiving in the USA this week!

USDX: Forex Strategies Bearish: Currently, we are at the top of a 5th wave and poised to go down. We have divergence on the hourlies. 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 lower than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1515 after a bounce on the range bottom. We are looking for a continuation to the R4 @ 1.1700 area. Watch the USDX for reversal and direction. The ATR for the pair currently is 51 pips and its 90-day average is 72 pips. NOT TRADEABLE

USDJPY

Forex Strategies Bearish: We are currently @ 156.40 after putting in a top.. We are looking to bounce and put in a 2 wave and then continue to the 154.50 area. We have convergence in play on the hourlies. The average daily true range (ATR) for the pair 104 pips and it 90-day average is 119 pips.

GBPUSD

Forex Strategies: Bullish: We are currently @ 1.3098 after a bounce at the range bottom. We are looking for a continuation to the R4 @ 1.3277 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 79 pips and it 90-day average is 85 pips.

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