My bias on DXY is neutral and this is the same with my bias on GBPUSD on higher time frames. But looking on the 1H time frame it is more likely for it to move up because there are a lot of order blocks, buy side liquidity sitting above waiting to be taken (green lines above). There is also an equal high (yellow box).
Prior price shows that it took multiple bullish order blocks and sell side liquidities and fib 61.8% level then pulled back up. It is likely to continue to move up to take levels sitting above. As I mentioned before, these levels acts like magnets that draws prices into them.
Prior price shows that it took multiple bullish order blocks and sell side liquidities and fib 61.8% level then pulled back up. It is likely to continue to move up to take levels sitting above. As I mentioned before, these levels acts like magnets that draws prices into them.
