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An upted for the previous
analysis on DXY. Price had found strong resistance on 100 level as we said
beforea and has break its previous ranges.
Now price is moving upward with a good signal that the USD as currency is getting stronger.
USDJPY can clearly show us the
recent strength of USD as DXY before.
The price managed to break above the downtrend line and had a burst on its consolidation.
Now the price is at a resistance level and we may see a downward correction to the area of 132,714 or below. If the price finds support in these areas, we should assume that the upward movement will continue.