Dollar bulls inbound
DXY D1
Things are getting interesting for the dollar now as we approach somewhat of an area of descending resistance. Our area of support has initially held, GBPUSD has sold off from the double top resistance/supply price.
Waiting patiently to see if this structure of lower highs can be broken to see if the bullish trend will prevail. Been held back a little bit during recent trade due to inflation and labour figures concerning the USD.
Things are getting interesting for the dollar now as we approach somewhat of an area of descending resistance. Our area of support has initially held, GBPUSD has sold off from the double top resistance/supply price.
Waiting patiently to see if this structure of lower highs can be broken to see if the bullish trend will prevail. Been held back a little bit during recent trade due to inflation and labour figures concerning the USD.
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