This is what I see in the Forex the week of January 8th, 2023 , 2022: USDX, EU,UJ,GU,AU

USDX: Bullish to bearish: We finished a 5th wave in a (Bullish) trend. We have had no pullback so expect one Before the continuation. That continuation would most likely take out the 0.214 Fibo @ 104.123 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 lower than last week.  BE SMART - TRADE WITH STOPS!!!!

What ProAct Traders See:  Bullish: We are currently @ 1.0642 in a large range.  We are looking to possibly reverse @ 1.0714 area. A break higher would target the day chart top @1.0804.  Watch the USDX for reversal and direction. The ATR for the pair currently is 82 pips.

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#USDJPY 

What ProAct Traders See: Bearish: We are currently @ 132.15. We are looking for a pullback and then resumption to the downside to the 1.270 Fibo @ 128.09 and maybe the 1.618 @ 126.25. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 190 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.2090 after finishing a channel to the downside. We are looking to continue to the Day chart Top @ 1.2422.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 123 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6875 in the top of a range.  We are looking for a continuation to the Day chart top/R5 @ 0.6993-0.7007.  Watch the USDX for direction.. The average daily true range (ATR) for the pair currently is 87 pips. 

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