5/26/23 DAX/USDJPY analysis

27 de mai. de 2023

USDJPY is currently in a sell model on higher timeframes so is the US10Y, with the inclusion of the recent FOMC meeting and interest rate hike pauses I see it as certain we see a pullback on USDJPY. The DAX however looks bullish on higher timeframes and bearish on lower time frames. I think we see the DAX make a move upwards to fill FVGs on lower time frame charts (4hr) then a drop downward to fill FVGs on high time frame charts (weekly). I think that by the time we fill higher time frame sell-side FVGs on DAX then we will also be filling higher timeframe buyside FVGs on USDJPY. From there I think we see a continuous move upward from the DAX and a move downward from USDJPY