DXY UPDATE

DXY should be at an end of corrective decline closer to 101, back on 15th,NOVEMBER,2022, we expected it to take support near 104.25 range but it went below that, hens the correction continued. We still hold our BULLISH view here for MEDIUM TERM, but for short term we are closely watching level of 101 on DOLLAR INDEX SPOT.
Since last few weeks incrimental weakness is coming from JPY, Now that too is approaching critical PATTERN support at 125-127, so let’s see how this pair behaves going forward. In MEDIUM TERM for USD-JPY, we have Target of 160, We do not look things fundamentally, we follow (CYCLES) which is pointing BULLISH moves for $ and BEARISH moves for EQUITIES, Let’s see, for near term we resume next leg higher on DXY officially above 106.25 watch out.