Why I am still a USD bear… but for purely technical reasons

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USD On Trade Weighted Basis. by DavidBelleFX on TradingView.com

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USDJPY Weekly Short by DavidBelleFX on TradingView.com

Should be pretty self explanatory – Trade Weighted Dollar Index is following the same pattern as when USDJPY dropped off a cliff back in December. Same bullish inefficiency needs to be filled, and there is a head and shoulders, again similar to USDJPY in December.

That is it, simple as.

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