Following our pattern quite nicely, we think this pair hit above 22 in the near future. Coming elections, NAFTA and rates all applying upward pressure, as well as a well defined bullish pattern. Only after elections do we see pressure removed and a down phase for this pair.
USDJPY is hitting resistance and the 1.00 fib off the 1-2-3-4 moves marked on the chart. This Price área has been visited and bounced off several times. It gives a nice Risk/Reward with a tight stop to the downside. Target set at box.
Looking at 9222 as major support, above that 9927. Just broke a trading range we had been following. Still a bullish count, breaking supports reduces probability of the impulsive up we have. Under 9222 will be looking for much lower, around 5. Stay above 9927, still looking for new ATH.
DXY finishing 3 of C, needs a retrace 4 (oval points to potential target range) before a final 5 to target box. Beware of truncation and a sharp reversal once the move down finishes in its 5 or a truncation.