DxY shows bearish for the chart structure and consolidative we may see the turn at 98.000 or 94.000 as a target.
The two failed bullish and failed bearish indicate that US30 is about to retire and take bearish wave, price may push towards 42.900 area before it drops.
The USD pairs continue to show bearish direction which may be the point until US elections.
With geo politics in middle east and upcoming US Election, DXY show science of bearish continuation towards 98.00 to 94.00 area and gold becomes and safe heaven, we may see the gold price hit 2,800 and 2,900 .
There is more bullish movement towards marked area before we can see diversion (bears and bulls)
The pair is pointing to the downside correctively within the trendline.
My bias is consolidation below the current price and bullish wave
This is the current trend of the usdjpy pointing bullish towards the marked Fib level.
The pair is currently bullish towards the 162.300 level which may be a good bearish reversal area.
Waiting for pair to touch the 0.50 level marked below before the bullish movements
The pair chart pattern pointing towards the downside, waiting for the for break of the trendline for bearish confirmation.
Best bullish entry marked at 57.9600 for an new bullish wave
From the current trend the instrument show bullish trend.
The pair is moving up to its last move before we see the deeper bearish move.
Gold has reached the peak of the bearish and deeper correction.
Small correction is underway before retest the neckline and then deep bearish wave____________________________
This pair has been trending on top the support line since the previous big wave to the downside and in an attempt to break lower and it failed , we are likely to see the pair move up to the resistance level @ 165.100.
The pair has been trending correctively and has reached the strong support level. We likely to see bullish wave towards 89300