This is what I see in the Forex the week of July 16th,  2023  USDX, EU,UJ,GU,AU  - Hit Control and the + sign to make the pictures larger.

Note: No Fundies in the NY session this week – Watch for USDX to go up this week in an ABC pattern ( 5 waves completed down)

USDX: Bearish to Bullish: We most likely completed 5 waves down so looking for an A-B-C pattern next. That means reversal!!! We are looking for a continuation to at least the bottom of the 3 wave @ 102.441 and then we will see??? 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 slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See: Bearish: We are currently @ 1.1226 after completing a 5th wave up. We are looking for an A-B C correction to at least the 3 wave @ 1.0990. Watch for the reaction there. Watch the USDX for reversal and direction. The ATR for the pair currently is 74 pips.

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#USDJPY 

What ProAct Traders See: Bullish : We are currently @ 138.34 after completing an ugly 5 waves down. We are looking for an A-B C correction to the R6 @ 143.28. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 113 pips.

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#GBPUSD 

What ProAct Traders See: Bearish: We are currently @ 1.3092 near the top of the channel. We are looking for a A-B-C correction that MAY set up a 5th wave. Watch the USDX for direction. The average daily true range (ATR) for the pair is 95 pips.

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#AUDUSD 

What ProAct Traders See: Bearish: We are currently @ 0.6835 in a range and the start of the down move. We have a double top in place. We are looking to continue to the 0.214 Fibo @ 0.6608 and maybe all the way to the range bottom? Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 70 pips.