This is what I see in the Forex the week of July 9th,  2023  USDX, EU,UJ,GU,AU

Note: Lots of fundies and talking heads this week

USDX: Bearish: We are in a trend and a 5th wave. We are looking for a continuation to at least the range bottom @ 101.624 and then to the Range bottom support @ 101.178. 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 lower than last week. 

BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See: Bullish: We are currently @ 1.0969 in a 5th wave up. We are looking to continue to the range top @ 1.1090 and possibly the 2.618 Fibo @ 1.1128. Watch the USDX for reversal and direction. The ATR for the pair currently is 67 pips.

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#USDJPY 

What ProAct Traders See: Bearish : We are currently @ 142.12 in a 3rd wave. We are looking for a 3rd wave continuation after a pullback and a move to the 2.618 Fibo @ 140.68 and then a 4ath wave to set up a 5th to the range bottom@ 138.22. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 85 pips.

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#GBPUSD 

What ProAct Traders See: Bullish: We are currently @ 1.2840 in a 3rd wave. We basically have a triple top in play now but if the dollar continues down watch for the 5th wave to break to 1.3003 area. 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 @ 0.6693 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 with 5 fractal waves.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 66 pips. 

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