Forex Trading: week of 10/19/2025: USDX, EU,UJ,GU

 USDX: Forex Strategies Up: Currently, we are in a possible ABC correction in a range so this could be temporary.  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 the USDJPY which is higher.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish for now: We are currently @ 1.1653 after a bounce on the bottom. We are in a possible ABC correction in a range and  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 67 pips and its 90 day average is 80 pips.  

USDJPY                            

Forex Strategies Bearish/ ultimately Bearish: We are currently @ 150.61  in a ABC corrective move in a big  range. We are also in a 4th wave so we are looking to continue to the S6 @ 147.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair 139 pips and it 90 day average is 126 pips.

GBPUSD

Forex Strategies: Bullish:   We are currently @ 1.3426 in a range. We are anticipating a C wave and then continuation to the 1.618 Fibo @ 1.3539 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.