Forex Trading the week of 11/01/2026: USDX, EU,UJ,GU

Note: Big Fundies - NFP This week!!!!!

USDX:

Forex Strategies Bearish: We have convergence for the 3rd wave bearish move but could still be in a range. 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 except for higher USDJPY ATR’s. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1155 on the day chart bottom.    We are looking for a continuation to the 0.618 Fibo @ 1.1321.  The ATR for the pair currently is 61 pips and its 90-day average is 54 pips.  NOT TRADEABLE!

USDJPY

Forex Strategies Bearish: We are currently @ 157.51 in a 5th wave. We are looking for a continuation to the 2.618 Fibo @ 156.32.  The average daily true range (ATR) for the pair 82 pips and it 90-day average is 107 pips.

GBPUSD

Forex Strategies: Bullish:  We are currently @ 1.3390 in a 3rd wave. We are looking for a continuation ULTIMATELY to the R5 @ 1.3650.   The average daily true range (ATR) for the pair currently is 72pips and it 90-day average is 67 pips.