DXY/ZN ratio chart is nearing target area for wave 5, so from Elliott wave perspective, important shift may occur later this year.
The longer-term trend and the cycle of the USD in a comparison with 10Y US notes (DXY/ZN). It can slow down later this year or in 2023, but if there will be recession, then USD can face another big leg up before an important shift occurs. GBP could stay weak in the meantime and it can even retest the 2020 lows first.
If you are interested in cryptocurrencies, check also our latest video analysis. CLICK HERE