DXY target 97.7 possibility is high, DXY still has a lot of momentum within itself to achieve the Higher High surpassing the 97.10 high, Cable weakening with uncertainty of BREXIT, retest of trend line and has broken with a close of some what of a graveyard doji, Possible short scenario with 1st leg of M complete on 4HR
Oversold RSI, DXY Overbought on 4HR, Just hit Fib 50%, possible uptrend for now as has had such a huge drop in the past 42-48Hrs
Inside Breakout using 800 EMA as Resistance possible break above could see continuous of trend
RED NEWS USD, Possible short S&R being tested waiting for confirmation, FIB level tested failed to break
DXY supports analysis of downward trend, RSI entering overbought region and resistance zone pull back, FIB handle of 78.6% retracement to.
SHORT on USD/JPY, Several retest of Fib 109.960 (38.2%) weekly Level failed to break, RSI 4HR Showing signs of entering Overbought region.
Possible LONG, DXY Oversold 1HR+4HR RSI, USDJPY Daily TrendLine Hit, may retest waiting for W Confirmation and long up to 110.000
M Forming on the 4 HR Chart, Bullish to 1.296-293 and then a bearish trend down to the pyscological level of 1.28
Possible Elliot Wave, 4 HR W Confirmation, DXY & OIL both are strong.
Possible Down trend of Structure once M forms on 1HR Chart. 80PIP Possibility