Trump’s inauguration tomorrow. Dollar turns.

DXY

Weekly, support is around 100. Uptrend looks intact or the establishment of a new range.

Daily, it’s been in a correction channel since early 2017. High probability that it will bounce around 100 but don’t know yet exactly when. Maybe this is it upon Trump’s inauguration?

Scenario 1: A sharp move tomorrow going down due to Trump’s speech, then goes back up to correction channel resistance or a test of the 123 high.

Scenario 2: Weekly is weak, correction channel pushes down lower tomorrow and dip below 100 to meet the Weekly 24MA at 99.

dxy-weeklydxy-dailydxy-2-ydxy-1y

GBP

I sold around 1.23300, expecting a return to near 1.24 where I could short again but it didn’t materialize. Could’ve made double as it continued down to H1 60MA. Could have.

gbp-h1

USDJPY

Daily, bounced off MA, previous high 114.281 becomes support. Looking for an entry point.

H1, looks like the beginning of a 2 to 3 day trend if it’s we’re indeed in a Daily correction channel. Avoid FOMO and enter half now, and half at 114.297

usdjpy-h1usdjpy-d

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