This is what I see in the Forex the week of November 13th, 2022: USDX, EU,UJ,GU,AU

USDX: Up then down: We are waiting for a correction to set a 4th wave then Look for a move down to support. 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 last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1..0354 in a fractal 3rd wave and in a channel. We are looking to finish a 3rd wave up and then pullback in a 4th wave and then continue the wave pattern to the DAY Top @ 1.0804 area. Watch the USDX for reversal and direction. The ATR for the pair currently is 127 pips.

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#USDJPY 

What ProAct Traders See: Bullish to Bearish: We are currently @ 138.77  in a range.  We are looking for a move up to correct this huge move and then resumption to the square up above 135.00.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 229 pips.

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#GBPUSD  

What ProAct Traders See: Bullish: Note:  I  had to use a  day chart to show you the data points.  We are currently @ 1.1833 in a channel in a range.  We are looking to continue to the R8 @ 1.1939 area then zig zag to the Day chart top @ 1.2171. Watch the USDX for direction. The average daily true range (ATR) for the pair is 201 pips.

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#AUDUSD 

What ProAct Traders See:  Waiting:  We are currently @ 0.6707 in a range and a rising wedge on the 60.  A couple of different scenarios:  1:  Bullish: a continuation here look for a move back to the Day chart top @ 0.6993. 2: Bearish:  A reversal here here would most likely return to equilibrium @ 0.6422. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 123 pips. 

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