I would prefer to buy USD/JPY today and tomorrow untill 121.90 level, and then turn to sell at this level. It will be consolidate between 120.50-122.00 area before any further information from Japan Monetary policy for QQE.
Gold made an engulfing and retest on weekly chart last two week as we can see. On Daily and H4 chart, we can see a MACD Divergence and strong break of down trend line. This shows market maker are wiping out the weak long of gold position. In my ...
As you can see, U/J is in a side way trend while the MACD is already divergence. It will remain consolidate at the range between 122.22-123.60 and once it break 122.22, a bear trend will start.