DXY UPDATE

DXY is the most important asset which has to be viewed very closely from here.
I have been someone who have maintained the BULLISH view on $ dispite near 15% decline from its TOP which it registered on 28th,SEPTEMBER,2022.
There is long list of ANALYSTS who thinks that $ have got its TOP for AGES.
but I prefer to disagree with that.
The entire decline from 114 had no evidence of a long term trend reversal infact this have appeared as a healthy pullback in broader scheme of things.
For short term it have confused many technical analysts with its marginal lower lows.
For me the final lower low here at 99.58 which got registered on 14th,july is an important low because that got printed at an exact TIME distance from its SEPTEMBER 2022 highs.
Anyone who do some simple MATHS will easily figure that out.
So going forward I would expect DXY to hold its JULY low and resume its primary uptrend.
106 is still a resistance which we discussed on 24th,MAY,
above that 111, 114 and 120 is possible in next 16 months.
Watch out for USD-JPY, that should sponsored the upside.

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