This is what I see in the Forex the week of June 11th ,  2023  USDX, EU,UJ,GU,AU

Note:  Lots of Fundies this week including FOMC!

No Video this week.

USDX: Bullish: We are not committed to this yet. We are in a range after a C wave (which could end up being a 2 wave).  We are looking for a continuation to Range top @ 105.31.  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:  Bearish: We are currently @ 1.0745 in the bottom of the range which should be a double bounce point.   It appears we have an abc correction which bolsters the short. We are looking to continue to the 1.618 Fibo @ 1.0593.  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: Bullish : We are currently @ 139.42 is a triangle which is bullish  We are  looking for a move to the range top @ 141.00 and expect the range to continue. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 119 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.2568 in a fractal trend with 5 waves printed.  We are expecting an abc correction to the 0.500 Fibo @ 1.2493.  We have divergence in play.   Watch for the reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 92 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6740 in a range after making 5 small waves.  We have divergence started. WE are looking to head to the range bottom @ 0.6500.   Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 66 pips. 

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