Forex Trading the week of 12\/07\/2025: USDX, EU,UJ,GU

Note:  FOMC   this week!   

USDX: Forex Strategies Bullish: Currently, we are in a sideways move but making higher lows (looks corrective). We have convergence 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 about the same as last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Waiting: We are currently @ 1.1641 after a bounce on the range bottom. Up” look to the 0.382 Fibo @ 1.1747.  Down: look to the range bottom. Watch the USDX for reversal and direction. The ATR for the pair currently is 52 pips and its 90-day average is 65 pips.   NOT TRADEABLE

USDJPY                            

Forex Strategies Bullish: We are currently @ 155.21  after a bounce on the range bottom. We are looking to  continue to the range top 157.00+ area. We have convergence in play on the hourlies.  The average daily true range (ATR) for the pair 107 pips and it 90-day average is 113 pips.

GBPUSD

Forex Strategies: Bullish bias but waiting:   We are currently @ 1.3329 bullish rectangle ( But MACD down. We are looking for a continuation to the 1.000 Fibo @ 1.3496 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 77 pips and it 90-day average is 82 pips.