This is what I see in the Forex the week of April 30th ,  2023  USDX, EU,UJ,GU,AU

Note:  Lots of Fundies this week including ADP, FOMC and NFP

USDX: Bearish: We are in a range.  A continuation here would most likely take out the 101.677. 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 @ 1.1018 in a channel  We have the start of divergence so looking for one last push to the top.  Watch for the continuation up to the 1.618 Fibo @ 1.1177. Watch the USDX for reversal and direction. The ATR for the pair currently is 83 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 136.31 in a range and near the top. We have convergence in play for the continuation. Target up in a continuation is the range top @ 137.92. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 114 pips.

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#GBPUSD  

What ProAct Traders See: Bullish: We are currently @ 1.2567 after taking out the range top. We have convergence in play for the long. We are looking for a continuation to the 1.270 Fibo @ 1.2666.  Watch for the reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 90 pips.

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#AUDUSD 

What ProAct Traders See:  Bullish:  We are currently @ 0.6616 in a range.  A bounce here look for a move back to the top @ 0.6794. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 66 pips. 

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