Market Muddle - USDJPY, DXY, USDCAD
A look at where I think the dollar and yen are headed. No hype, just levels.
USDJPY
The weekly chart is retracing from a historic high. I'm watching a demand zone formed by a broken resistance and a rising trendline. Not convinced it holds, but I'd lean long if it gets tested. The old resistance should flip support.
DXY daily looks weak after hitting a historic resistance cluster. That lower high talks. I think a correction is finally due. The dollar bulls have had their run.
USDCAD is range-bound. I want to see it test the support trendline before getting interested. If it holds, the long side makes sense. If it breaks, I'm out.

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