USDX

Forex Strategies Bearish: We are in a continuation after breaking out of the bearish rectangle.  We are looking to continue to the 1.270 Fibo @ 99.111 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 about the same as last week (YEN crosses are different). BE SMART – TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1677 in a bullish move.  We are looking for a continuation to the R6 @ 1.1935.  The ATR for the pair currently 42 pips and its 90-day average is 51 pips.  NOT TRADEABLE!

USDJPY                          

Forex Strategies Bullish: We are currently @ 158.98 in a range. We are looking for the  resumption down to the 0.382 Fibo @ 156.63.   The average daily true range (ATR) for the pair 88 pips and it 90-day average is 67 pips.

GBPUSD

Forex Strategies: Bullish:  We are currently @ 1.3645 in a range. We are looking for a continuation to the range top@ 1.3850.   The average daily true range (ATR) for the pair currently is 50 pips and it 90-day average is 69 pips.  NOT TRADEABLE!