This is what I see in the Forex the week of December 18th , 2022: USDX, EU,UJ,GU,AU

Note:  This is the last trading week of the year.  Let’s make it a good one.

USDX: Bullish: We finished a 5th wave in a (bearish) trend. We are now doing the ABC UP and that continuation would most likely take out the 1.000 Fibo @ 106.195. 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 significantly higher than last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish : We are currently @ 1.0595 after finishing a trending move in a large range.  We have a possible rising wedge which is bearish, so we are looking to reverse (might need a head and shoulders) to the 0.500 Fibo @ 1.0234 area. We have divergence.  Watch the USDX for reversal and direction. The ATR for the pair currently is 110 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 136.67. We are looking for an 3rd wave move up to the 0.500 Fibo @ 141.22 and maybe the R7 @ 143.50. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 202 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.2163 after finishing a 5th wave and a trend. We are looking to do an ABC reversal to the S6 @ 1.1834.  Lots of confluence on this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 161 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6690 in the top of a range.  We are looking for an ABC reversal to the S5 @ 0.6474.  the USDX for direction. The average daily true range (ATR) for the pair currently is 103 pips. 

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