DXY potential for correction
Updated
After reaching a Monthly Kijun Sen level, the 
DXY we can expect a correction phase for this week. That would mean that all pairs in USD could be affected by a weaker US Dollar on the short term at least.
Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
DXY we can expect a correction phase for this week. That would mean that all pairs in USD could be affected by a weaker US Dollar on the short term at least.Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Note
Price closing on the Monthly KS, which is a strong level where the price can get support to bounce back in the overall uptrend.Breaking that level will open the way for a deeper correction, most likely to the Weekly Kijun (green line).
Trade closed: target reached
Note
If the breakout of the Monthly KS is confirmed tomorrow, the next logical target would be the weekly Kijun.
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