Weekly Review (Jul 6-10): EUR, GBP, JPY & GoldEuro FX Futures (Sep 2026)CME:6EU2026ConfluxMethodWeekly review for July 6-10. Not signals, just how I read the tape with the Conflux Method: structure (Reaction Levels), order flow (cluster / delta) and options data (margin zones, balance, breakevens). Context: last week we got another weak NFP with a downward revision, which sent risk assets flying against the dollar. Now it's clear why the euro was being pinned with puts and not allowed to slip lower. To me that reads as: someone is positioned for a move up, and when you sit on puts you're waiting for the futures to rise. On the FedWatch Tool, the hike odds that were priced in got trimmed hard after the NFP, down to around 45% from 75%. If CPI "comes down" too on the 14th, the debate shifts to whether they hold or cut in September. 6EU2026 (main chart above) 1.1442 is the strongest support from the buyers. Monday-Tuesday the reaction there on the push down will be the thing to watch. Above it are the buy targets and the entry points into the sells. The most interesting work starts at 1.1586. At 1.1632 there's a long-standing Debt and a good zone to work. At the 1.16 strike they meet it with calls, so getting above it will be hard. The boundaries are marked out through August; through Friday I'll be working the 1.1628 zone. In July they could push higher, but before Jul 14–15 I don't expect any pops, more of a sluggish drift, so the week is a bit quieter than the last one. The NFP is already painted; what's left is a "soft" CPI print on the 14th and Warsh telling Congress the rate might be cut by year-end. On that, price could head toward 1.1765–1.1793 by September, and then Jackson Hole flips the script, with a hike back on the table for September as one option. GBPUSD Weekly and monthly MVF: for Monday there's good support at 1.3250. If they press through it, 1.2915 comes into play by August, and from there you can work with more confidence. Sells not before 1.3582; taking that zone with the Cluster is only realistic on a "softer" US CPI. The Cluster confirms. JPYUSD 6JU2026 They might start painting some noise here, but I still lean higher, they won't let the Bank of Japan catch a breath that easily. The US Treasury hasn't joined the interventions yet and everyone's waiting on it. The lower MVF is the 166.50–167 band on spot, where the market maker and the funds get involved and where the BoJ and US Treasury would step in, but the odds of reaching it this week are still very low. If they drag it higher on the futures, I'll work with 0.006395, and I'll take the nearest ones by the market too. Catching the intervention is easier than fading a reversal against it. GCQ2026 For Monday morning I'm watching these zones, especially 4080, since some interesting speculative interest opened there. Into Friday's short-day close a Debt was left at 4126. Sells by the market I'll watch off 4265.5; on the MVF I'll work off 4468, and for now it's toward that first. The weak jobs data gave an impulse and blocked a clean push down to 3800 for a re-buy; Thursday there was a window to buy in. What I'll be working: 4080 for sure, plus an alert on those puts that were opened, taking them by the market; 4266 for sells for sure; 4127 is questionable and only on a reduced lot, I don't like the zone itself even with the levels and the Debt there. These are zones and scenarios I'm watching, not a call to trade. Let price come to your levels and let the reads converge first. Educational only, not investment advice. Trading carries a high risk of capital loss. Past results don't guarantee future performance. #ConfluxMethod #trading #futures #options #forex #EURUSD #GBPUSD #USDJPY #gold #orderflow