Looking at the DXY chart, I can see bullish reversal action taking place. Looking at USD/JPY I see a strong bullish reversal pattern: long pin bar rejection at a key zone, followed by a strong bullish engulfing candle which broke the zone of sensitivity above it. After an exhaustion phase, we may be able to enter long to test the highs, or at least, the descending trendline above it.
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1H DXY LONG
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