Note this is weekly chart. "M" pattern in both the chart and stochastic indicates a buildup for a reversal. I suggest the dollar will attempt a rally as many traders are not seeing the overall retracement for DXY via monthly. DXY Short on Swing trade, imo.
Medium level JPY news on Sunday. If it is good for JPY I look for mild short continuance for USDJPY, but mostly whipsaw in the event DXY is idle or on the upside. If DXY is down and news is good for JPY, nice big bonus on a intraday short,perhaps.
Don't trust the dollar right now.
Trade what you see, not what you think.
Trade Safe. Wait for cnfm for entry or don't trade at all.
Medium level JPY news on Sunday. If it is good for JPY I look for mild short continuance for USDJPY, but mostly whipsaw in the event DXY is idle or on the upside. If DXY is down and news is good for JPY, nice big bonus on a intraday short,perhaps.
Don't trust the dollar right now.
Trade what you see, not what you think.
Trade Safe. Wait for cnfm for entry or don't trade at all.