Analysis:
The correlation between DXY & GBP/USD is playing out perfectly! As the Dollar Index (DXY) approaches key resistance in the 112-113 zone, GBP/USD is reacting inversely, showing signs of a potential drop toward 1.14.
Elliott Wave patterns confirm a high-probability reversal setup, aligning with macroeconomic factors and liquidity zones. If DXY gains strength, expect a bearish breakdown on GBP/USD.
📈 Key Levels to Watch:
GBP/USD Resistance: 1.32-1.34
GBP/USD Support: 1.14
DXY Resistance: 112-113
DXY Support: 102.5
💡 Will GBP/USD hold or break down? Drop your predictions below! 👇
The correlation between DXY & GBP/USD is playing out perfectly! As the Dollar Index (DXY) approaches key resistance in the 112-113 zone, GBP/USD is reacting inversely, showing signs of a potential drop toward 1.14.
Elliott Wave patterns confirm a high-probability reversal setup, aligning with macroeconomic factors and liquidity zones. If DXY gains strength, expect a bearish breakdown on GBP/USD.
📈 Key Levels to Watch:
GBP/USD Resistance: 1.32-1.34
GBP/USD Support: 1.14
DXY Resistance: 112-113
DXY Support: 102.5
💡 Will GBP/USD hold or break down? Drop your predictions below! 👇
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