This is what I see in the Forex the week of July 2nd ,  2023  USDX, EU,UJ,GU,AU

Note: ADP, FOMC and NFP this week. Tuesday is a bank holiday.

USDX: Bearish: We are in a range and a channel and a 5th wave. We are looking for a continuation to at least the range bottom @ 102.441 and then to the Day chart support @ 101.624 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

What ProAct Traders See: bullish: We are currently @ 1.0911 in the start of a 5th wave up. We are looking to continue to the range top @ 1.1090 and possibly the 2.618 Fibo# 1.1160.. Watch the USDX for reversal and direction. The ATR for the pair currently is 74 pips.

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#USDJPY 

What ProAct Traders See: Bearish : We are currently @ 144.34 after completing a 5th. WE have a rising wedge (bearish) and so we are looking for a move to the S4 @ 142.75 and then to equilibrium @ 140.12 and expect the bounce in that area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 111 pips.

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#GBPUSD 

What ProAct Traders See: Bullish: We are currently @ 1.2698 after a break out of the corrective down move. We expect to continue to range top @ 1.2845 and possibly the 1.000 Fibo @ 1.2054. We have the start of convergence in play. Watch the USDX for direction. The average daily true range (ATR) for the pair is 97 pips.

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#AUDUSD 

What ProAct Traders See: Bullish: We are currently @ 0.6661 in a range and in a break out of the down move. We have convergence started and are looking to continue to the range top @ 0.6891.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 69 pips. 

CAUTION IS URGED - TRADE WITH STOPS!!!!!