The U.S. Dollar Index (DXY) is showing early signs of a bullish reversal following a strong reaction off a key intraday demand zone.
📊 Trade Context (USDJPY)
• Entered long after liquidity sweep and demand zone confirmation during NY Open.
• Clear bullish intent with a break of structure on the 15min.
• Aligned with potential DXY recovery, supporting USD strength across the board.
🧠 Bias Justification
• NY session often sets the real direction – and here we see bullish pressure stepping in.
• DXY printing higher lows intraday.
• Correlation with USDJPY and other majors showing early bullish divergence.
🎯 Targets:
• USDJPY: 145.02 > 146.60
• DXY: Eyes on retesting previous resistance zones.
❌ Invalidation:
• Clean break below intraday demand or 143.97 on USDJPY.
📅 April 9, 2025 – NY Session Setup
Let’s see if the dollar bulls take control.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.