Technical levels to watch 132.00
USDJPY is currently moving in this bearish channel. As a DXY bull, I am looking for a breakout of this channel to start hunting for long plays. Before getting involved in Dollar pairs, it is necessary to remain patient and let them show their hand.
Technical levels to watch 1.2300
GBPUSD has swept a key high at 1.24468 and rejected to the downside, for me to get involved id need to see a further break of structure to confirm my downside Bias.
Important to note that this is not guaranteed to happen and just my thoughts on the market.
Technical levels to watch 0.71367
I am watching a key swing point at 0.71367 for a potential rejection and will get involved if we see a further break in structure.
Technical levels to watch 1.0850
EURUSD is still trading in a bullish channel for the time being, and any break out of this structure would make me consider selling with 1.0700 being the first initial target.
Technical levels to watch 0.9250
It is important to remain patient when trading Dollar pairs, and USDCHF is no exception. We want to see a flow into the Dollar before getting involved. In order to get interested in USDCHF, I would need to see a break out of this Bearish channel.