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GOLD-SILVER

Gold - $2,000 Is a Death TrapThis is a follow up to my June 2 call for a new ATH on Gold, that will be bearish, instead of bullish: Gold - When A New ATH Prints, Will You Get Trapped? In the process of tracking this, price action did not meet expectations (in the sense that it has not traded low enough), and so I began to reconsider the overall topography of the market. Also, right now, I have an open call on silver for $33: Silver - 33 Moons However, as price has not traded down the levels I regard as requisite to trigger a bull impulse, while I still believe that these high prices will manifest in the future, the market makers desire lower prices first. One thing to note about gold is both the monthly and weekly bars are actually bearish despite price having formed a long-term triple top: But in the shorter term (1H-4H-1D) candles, gold is clearly heading towards higher prices after bouncing exactly over $1,900. As I've said before, one of the problems with a metals bull market right now is that Xi Jinping and the Chinese government (the Chinese Communist Party) have amassed a large amount of gold in recent months. China's economy is doing extremely poorly following the decimation of the Party by Wuhan Pneumonia and the CCP faces threats on all sides, especially from the International Rules Based Order who now chatters about "de-risking" from China. Since the United States tends to be the market maker of everything, this is trouble for China's central bank. Large stocks of gold and a heavily declining price will put the regime in a great deal of trouble, depleting the money it has available for buying people off. And this is a huge geopolitical threat, for Xi Jinping has one Trump card to play: throw away the CCP in the middle of Beijing time, which is the U.S. night, and weaponize the 24-year-long persecution and genocide against Falun Dafa (Falun Gong) meditation, which was launched by Jiang Zemin and its band of toad cronies in Shanghai. Another thing to note is since the pandemic crash, BUT BEFORE 2022, gold has had something of an inverse covariance with the SPX and the SPX has an inverse covariance with the USD. But after 2022, gold has traded mostly in lockstep with the SPX, although in recent days and weeks that has begun to decouple. Looking at the daily covariance, gold and the USD have an inverse covariance with the overextended equities market: And I anticipate a USD rally, as I state here: DXY - The US Petrdollar And The "Prigozhin Coup" In Russia Since I believe what the market makers have in store for us is a significant downtrend in the equities market until September: SPX/ES - An Analysis Of The 'JPM Collar' Gold setting a new high right now doesn't make sense. And so what I believe will happen is the target for the algorithm right now is $2,030, and it amounts to a short squeeze/bull trap. This will both take out the June high and draw in buyside demand over the $2,000 level, since retail goldbugs are always pining for a new all time high. But the rally will fail, again, and the markets at large will fail again (except for Natural Gas). Natural Gas - The Girl Who Hopes You Remember Her And as the rally fails we'll see lower prices. Probably ending in the $1,800 range. This amounts to a 10%~ drop and is pretty painful if you're sitting leveraged long and even worse if you're leveraged on call options. If $1,800 is violated, then the top is probably already in, in my opinion. So, be careful and make sure you practice social distancing from atheism, Marxist-Leninism, the Theory of Evolution, QAnon, and the CCP itself. Long gold is about returning to tradition, and mankind's Heaven sent traditions are even more luminous than an entire vault of 100.00% pure AU.
COMEX:GC1!Short
by LordWrymouth
1
Strifor || USDJPY-07/28/2023Preferred direction: SELL Comment: A busy week for the Japanese yen, which so far closes the USDJPY pair in the red zone at the end of the week. Earlier, we were just counting on a fall, trading ideas that were fully worked out in a plus. At the moment, the instrument is trying to re-test the level of 138.667 as part of the medium-term movement. The SELL-priority for the currency pair remains. A drop to 137 is expected, and the price will go lower. Thank you for like and share your views!
Short
by Strifor
3
Gold long going to above 2050Gold Price Analysis: Testing Support Levels Amidst Consolidation and Breakout Attempts Technical analysis reveals a retracement in gold, testing key support zones and indicating a healthy consolidation phase before an expected continuation of the uptrend. Gold, FX Empire Gold Forecast Video for 19.06.23 by Bruce Powers Gold rises to a three-day high of 1,986 on Friday before pulling back. It attempted to breakout above the top boundary trendline of a small symmetrical triangle consolidation pattern but is now on track to close below it and within the consolidation range. Attempting to Break Up yet Remains in Consolidation Range So far, Thursday’s test of the 100-Day EMA with a day’s low of 1,925 has held up but further signs of strength are needed. Gold briefly dropped below the 100-Day line earlier in the session on Thursday but managed to close strong, back above it and near the high of the day. The 100-Day EMA is now at 1,940. Further Signs of Strength are Needed Further signs of strength are needed to indicate whether yesterday’s low completes the retracement or further tests will occur. This week’s candlestick pattern is set to close as a bullish doji hammer. Next week an upside breakout signal will occur on a move above the high at 1,971, and the breakout is confirmed on a daily close above that high. Following a move above that high the next weekly resistance levels are 1,973, 1,983, and 1,985. A subsequent daily close above each price level will confirm strength, otherwise some resistance might be seen again around those levels. If Lows Tested Again If lower prices occur before a continuation higher the two potential support zones are around the 61.8% Fibonacci retracement at 1,912, followed by the 200-Day EMA at 1,894. The 200-Day EMA was tested as support with a double bottom in the first quarter of this year price reversed higher from there. Uptrend Intact The current retracement in gold is a test of support around previous high swing high of 1,960 from early-February. So far, the retracement is normal and healthy for the uptrend. Consolidation has been occurring at the 50% retracement area as well as the 100-Day EMA. Notice that there is a greater distance between the 100-Day EMA and 200-Day than what was seen in February. It reflects an improving trend. Once this retracement is complete, all signs are that gold should continue higher. Gold held above $1,950 an ounce on Friday after gaining 0.7% in the previous session, benefiting mainly from the dollar’s weakness as the Federal Reserve paused its tightening campaign at a time other major central banks are still raising interest rates. Still, the metal remains close to three-month lows as the Fed hinted at two more quarter-point rate increases this year, while the European Central Bank delivered another 25 basis point rate hike on Thursday and signaled further tightening. The Bank of England is also set to raise rates again at its June policy meeting, a month marked by surprise rate increases from the Reserve Bank of Australia and the Bank of Canada. Meanwhile, the People’s Bank of China lowered key short-term interest rates this week for the first time in ten months, while the Bank of Japan maintained its ultra-easy monetary policy on Friday. Daily bullish 4H Bullish 34min Bullish Gold is mostly traded on the OTC London market, the US futures market (COMEX) and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
CAPITALCOM:GOLDLong
by DaveBrascoFX
Can the US DOLLAR $DXY regain strength?TVC:DXY is popping again. Thought it was dead as many were calling. 2nd time, May was last time, we've called a pop while others stated it was going lower. Anyway, can the US #dollar REGAIN that MAJOR SUPPORT? = Blue line. The Greenback, historically, has come back from breaking major support BUT more often than not it doesn't do well afterwards. Red Arrows show episodes where it couldn't break above major resistance (Blue Line). Only two times did it bounce decently after breaking ABOVE. However, those two times it ended up giving it back again. Final: (This analysis is after a decent LONG TERM selloff and not recent breaks) The Dollar also doesn't trade above that blue line on the first try. It tends to slowly break through. Just bringing this up as this is not currently the case, this is a FRESH break of support. #currency #gold #btc #silver
TVC:DXY
by ROYAL_OAK_INC
Trade report of 19-7Today's news: NZD CPI q/q Is: 1.1% Expected: 0.9% Was: 1.2% GBP CPI y/y Is: 7.9% Expected: 8.2% Was: 8.7% USD Housing Starts Is: 1.43M Expected: 1.48M Was: 1.56M Another negative figure which encourages the FED to raise interest rates. Nevertheless; the U.S. dollar rebounded on Wednesday after inflation in the U.K. cooled more than economists had expected in June, sending the pound down sharply against other major currencies. Britain's inflation rate was the lowest in more than a year at 7.9%, according to data that will ease some of the pressure on the Bank of England to keep raising interest rates sharply. Economists polled by Reuters had typically predicted a smaller slowdown, to 8.2% in the 12 months to June, compared with the 8.7% in May. "It was the first time in five months that inflation surprised downwards, the trend was exactly the opposite," said Joe Manimbo, senior market analyst at Convera in Washington D.C. Jumbo rate hike next month by the Bank of England. Before Wednesday's data, investors had estimated a roughly 60% chance that the BoE would raise interest rates by half a percentage point on Aug. 3. That turned into a 60% chance of a quarter-percentage point increase after the data. "The dollar is getting a reprieve because it's the inflation data that really dictates sentiment, the dollar was tormented by cooler inflation last week and now it's the pound's turn today," Manimbo added. Our actions today: EURUSD : The Dollar plummeted last week after consumer and producer price increases slowed in June, raising expectations that the Federal Reserve will stop raising interest rates after a generally expected 25 basis point increase at its July 25-26 meeting. But Fed fund futures traders are still counting on 33 basis points of additional tightening, with the benchmark rate expected to peak at 5.40% in November. As a result, interest in the Dollar increased again today. Our buy trade has come under pressure. EURNZD : the uptrend stopped today. But that does make for a nice entry point at 1.79870. USDJPY : Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday that there is still some distance to reach the central bank's inflation target of 2% sustainably and stably, indicating his determination to pursue an ultra-loose monetary policy for now. AUDUSD : Our rating system displays the following: currently a score of 0, or a neutral rating after adding up all categories. First, let's take a look at what institutional traders are buying/selling. We can see that the AUD has a long rate of 32.98% and we see that the USD has a long rate of 70.38%. This category gets a -2, If we look at AUDSUND, we see that retailers are 55% long and 45% short. Currently, the AUDUSD gets a value of 0 in this category. Remember, if the retail crowd is very tall, we look at short, and vice versa. If we look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise this month. Trend measurement is based on the daily chart, using the 5, 8 and 21 exponential moving average. The more "aligned" they are, the stronger the trend up or down. In this case, we have a score of +2. Finally, let's look at the basics. GDP growth is in favor of the USD, inflation in favor of the AUD, unemployment in favor of none, and interest rates in favor of the USD. We put a sell at 0.66733. CADJPY : neutral assessment after adding up all categories. Institutional traders buy/sell +1, as institutional traders prefer the CAD. Retailers Score 0. Seasonality, +1. Trend measurement -2. GDP growth is favorable for the CAD, inflation is favorable for the JPY, unemployment is favorable for the JPY, and interest rates are favorable for the CAD. We have put a buy in at midpoint of the high and low of this pair in recent weeks, 106867. GOLD : XAUUSD currently has a score of +4, or a buy rating after adding up all categories. First, let's take a look at what institutional traders are buying/selling. We can see that the gold has a long percentage of 76.28%, and we see that the USD has a long percentage of 70.38%. This category gets a +1, as institutional traders prefer gold. If we look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise this month. Trend measurement is based on the daily chart, using the 5, 8 and 21 exponential moving average. The more "aligned" they are, the stronger the trend up or down. In this case, we have a score of +2. Finally, let's look at the basics. The index experienced higher GDP growth, inflation was higher than in the previous report, unemployment was higher this month and interest rates remained the same last time. Buy deposited on 1979.17.
PEPPERSTONE:USDX
by Probeleg
Strifor || EURUSD-07/17/2023Preferred direction: Neutral Comment: For this currency pair, the best option would be to stay aside from selling. Buying is allowed with minimal risk, as a small movement against sellers is expected in the near future. In addition, the price is close to the daily resistance 1.11861, so far it is too early to say that the buyer has consolidated above this level. From this level, it will be interesting to keep an eye on short-term positions. Thank you for like and share your views!
by Strifor
1
💰 Exploring the Potential of Investing in Precious Metals.Throughout the ages, the allure of rare and captivating metals like gold, silver, platinum, and palladium has remained unwavering. Their scarcity, exquisite aesthetics, and enduring nature have made them objects of desire. While these metals are commonly associated with ornamental jewelry, their utility extends far beyond adornment, finding applications in various industrial and technological realms. Moreover, precious metals have long been regarded as a safeguard against inflation and a sanctuary for investors amidst economic upheaval. Consequently, the trading of these invaluable commodities has evolved into a pivotal component of the global financial landscape, witnessing the exchange of billions of dollars each passing day. In this exposition, we embark upon an exploration of the fundamentals of precious metals trading: the mechanisms at play, the influential factors shaping prices, and the diverse avenues through which investors can partake in this exhilarating and ever-evolving marketplace. The vast realm of metals is neatly divided into two distinct groups: ferrous and nonferrous. The former encompasses iron, manganese, and chromium, although experts occasionally question the inclusion of the latter metal. This classification extends to alloys containing elements from these primary ferrous metals. Understanding Precious Metals From an official statistical perspective, ferrous metals command an overwhelming share, reaching up to 90%. One would naturally assume that such metals enjoy significant demand on stock exchanges. However, in reality, a majority of transactions occur outside the realm of these exchanges, transpiring directly between buyers and sellers. Consequently, the ferrous metals market and its liquidity do not boast the most favorable conditions. Within this category, certain metals hold a prominent position in exchange trading, namely: gold, silver, platinum, palladium, copper, aluminum, zinc, and nickel. Amongst these, gold and silver reign as the favored choices among traders and investors. To comprehend the market of precious metals in its entirety, it is imperative to examine it through two essential lenses: the functional aspect and the institutional perspective. Ultimately, the market represents a harmonious amalgamation of diverse spheres, encompassing not only extraction, production, and processing but also the final sale to consumers. The price of precious metals is subject to the influence of various factors, encompassing: Supply and demand dynamics: The fundamental principles of supply and demand exert a significant impact on precious metal prices. Limited supply coupled with high demand typically drives prices upward. Economic indicators: Economic data, including inflation rates, interest rates, and GDP growth, can shape the price trajectory of precious metals. For instance, during periods of elevated inflation, investors often seek refuge in precious metals as a store of value, leading to increased demand and subsequent price appreciation. Geopolitical events: Geopolitical occurrences like wars, trade conflicts, and political instability have the potential to sway precious metal prices. When geopolitical tensions escalate, investors frequently turn to precious metals as a safe haven, fueling demand and subsequently driving prices higher. Currency fluctuations: Since the price of precious metals is commonly denominated in US dollars, fluctuations in currency value can impact metal prices. For instance, if the US dollar strengthens, precious metal prices may experience a decline as they become relatively more expensive for buyers using other currencies. Investor sentiment: The sentiment and outlook of investors can play a vital role in shaping precious metal prices. Bullish sentiment may lead to increased buying activity, resulting in price surges. Conversely, bearish sentiment may prompt investors to sell their holdings, leading to price declines. To summarize, the price of precious metals is influenced by a multifaceted interplay of factors, ranging from the core dynamics of supply and demand to geopolitical events and currency fluctuations. Investing in precious metals offers several avenues for investors to participate in the market. Here are three of the most popular approaches: Stocks: Investors can purchase shares in mining companies engaged in the extraction of precious metals like gold, silver, platinum, and palladium. The stock prices of these companies often correlate closely with the underlying metal's price, as their profitability is tied to production costs and market demand. Exchange-Traded Funds (ETFs): Precious metal ETFs enable investors to buy shares in a fund that holds physical precious metals, such as gold or silver. These funds aim to track the price movements of the respective metal, providing a convenient means of exposure to the market without the need for physical storage and transportation of the metals. Contracts for Difference (CFDs): CFDs are financial instruments that allow investors to speculate on the price fluctuations of precious metals without owning the physical metal itself. By entering into a contract with a broker, investors can buy or sell the metal at a predetermined price on a future date. CFDs are a more speculative approach, involving leverage and potentially significant losses if the metal's price moves unfavorably. The potential earnings from trading precious metals can vary greatly and are highly dependent on individual factors and market conditions. It's important to note that trading in precious metals can be subject to volatility and fluctuations, and there are no guarantees of specific earnings. While gold and silver have demonstrated a long-term upward trend, it is crucial to approach trading with realistic expectations. Over the long term, precious metals have historically shown the potential for favorable returns. However, short-term gains can be less predictable. It's important to have a long-term perspective and not expect significant profits within a short period. Patience and a strategic approach are key when investing in precious metals. It's worth mentioning that the scarcity of precious metals, especially gold, has a significant impact on their value. As the available supply diminishes over time while demand remains steady or increases, the price per unit tends to rise. This trend is driven by the basic principles of supply and demand. In summary, while precious metals can offer good returns over the long term, it's important to manage expectations and understand that substantial earnings may take years or even decades to materialize. Investing in precious metals offers both advantages and disadvantages. Here are the key pros and cons to consider: Advantages: Safe haven investment: Precious metals, particularly gold and silver, are often viewed as safe haven assets during economic uncertainty or market instability. They can act as a hedge against inflation, currency devaluation, and geopolitical risks. Diversification: Precious metals provide diversification benefits to an investment portfolio. They have a low correlation with traditional assets like stocks and bonds, which can help reduce overall portfolio risk and enhance stability. Tangible assets: Precious metals are physical assets that can be held directly, offering a sense of ownership and security for some investors. Having tangible assets can also provide a potential alternative during times of financial crisis or disruptions in the banking system. Disadvantages: Volatility: Precious metal prices can be highly volatile, experiencing significant price swings within short periods. This volatility can pose risks, especially for short-term traders or those seeking quick profits. Limited income potential: Unlike stocks or bonds, precious metals do not generate income through interest payments or dividends. Their value primarily relies on price appreciation, which may limit their long-term growth potential compared to income-generating investments. Storage and insurance costs: If investing in physical precious metals, storage and insurance expenses can add to the overall costs of ownership. Proper storage facilities and insurance coverage are necessary to protect the value of the assets, which can eat into potential returns. Market manipulation concerns: Critics argue that the precious metals market may be susceptible to manipulation by large players or governments, potentially leading to artificial price movements that may not reflect true supply and demand dynamics. It's important for investors to carefully weigh these advantages and disadvantages, taking into account their financial goals, risk tolerance, and the broader investment landscape. Consulting with a financial advisor or conducting thorough research is recommended before making any investment decisions in precious metals. Are Precious Metals A Good Investment For You? Determining whether precious metals are a good investment for you requires considering various factors such as your financial goals, risk tolerance, and investment timeframe. Here are some key points to consider: Diversification: Precious metals can serve as a valuable component of a diversified investment portfolio, as they often have a low correlation with other asset classes. This diversification can help mitigate risk and stabilize portfolio performance. Inflation protection: Precious metals are historically considered a hedge against inflation since their value tends to rise when the purchasing power of fiat currencies declines. If protecting against inflation is a priority for you, investing in precious metals could be advantageous. Volatility: It's important to recognize that precious metals can experience significant price volatility, which may not align with the risk tolerance of every investor. If you are uncomfortable with substantial price fluctuations, other investment options may be more suitable. Liquidity: Precious metals generally offer high liquidity, meaning they can be easily bought or sold on major exchanges. This accessibility allows for flexibility and quick access to funds when needed. Long-term perspective: Investing in precious metals, particularly gold, often yields gradual and steady returns over the long term. Patience is crucial when investing in these assets, as their growth tends to occur gradually rather than in short-term bursts. Considering these factors, it is recommended to conduct thorough research, assess your individual circumstances, and consult with a financial advisor before deciding if precious metals are a suitable investment for you.
OANDA:XAUUSDEducation
by FOREXN1
9
Strifor || GOLD-07/14/2023Preferred direction: BUY Comment: The buyer retains the initiative and the previous trading idea for gold in force. We are considering longs, it is best to do this from next week. There is a possibility that at first the sellers will try to approach the level of 1938.915, which is unlikely to succeed, but there will probably still be movement in that direction. The medium-term target for longs is at the level of 1981.680. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
5
Natural Gas - The Girl Who Hopes You Remember HerSince the end of February, and more accurately mid-March, the volatility on Natural Gas has all but disappeared. This is a good thing if you're bullish, because it's both consolidation and indicates accumulation. It's also a good thing from a sentiment/narrative perspective because everyone has all but forgotten trying to gamble on BOIL. Moreover, it's strange for Natural Gas to trade so cheaply in light of the situation with the conflict between NATO and Vladimir Putin and how it impacts both China and Xi Jinping and Europe. I've said in many of my previous natural gas calls that $10 wasn't the top. And if that supposition is true, the fact that we're trading at such an enormous discount for so long is really notable. Just look how big the discount is on the monthly: One of the core tenants of 2023's thus far price action being a likely bottom is that Natty has swept out the $2 mark twice, the last time in April. Since, it's then made a series of higher lows and now looks certain to make higher highs. Moreover, on the weekly we see any red bars are continually traded through to the upside by the MM. All of this comes while the algorithm has been playing around the December of 2020 monthly pivot. The fact that $2 has been protected so strictly and that the high of the year was set at only $3, which it touched for only a day, a Friday, to start March tells us that the target is more likely to be up than it is to be down. It is very hard for me to tell you if Natty is going to do $3.2, $3.5, $4, or $4.5. It may just double top at $3 and then go back to $1.8. What I can say is that getting over $4 ought to have a high degree of resistance. However, if the algs push it through, it's going to take off and take off in a hurry. One thing that is true is that you really should not be bearish on energy. I also believe that the Nasdaq in specific is about to correct so violently that it's going to set a new low. We may be in a scenario right now where we see something like: Equities correct USD up Energy up Metals up 10Y yield up VIX up Instead of the usual everything down and everything up all at once shenanigans. The world is running out of energy. Oil is not a bear market. Worldwide and US production peaked in 2018 and hasn't come back. A lot of the "oil" that is included in daily production numbers isn't actually crude oil but is "natural gas liquids" and other lesser substances. In a climate where mankind is using more and more electricity and temperatures are getting hotter and hotter, there is no reason to believe that natural gas should stay this cheap. How hot will July, August, and September be in North America? Natural gas _is_ electricity. It's also plastics. It's also what the places that get winter use to fuel their furnaces to stay alive. Are you really expecting $1.50?
NYMEX:NG1!Long
by LordWrymouth
25
#GOLD Update In the previous week's update, I highlighted enough certainty to go long because of the ending diagonal (C) of in the chart below. We spent the entire week creating the opening move, which I've labelled wave A or (1) below. There is no preferred structure at this moment, and the complexity of the scenarios should remain on the chart. However, I can somewhat discount the larger running triangle labelled in black circles ABCDE. Given that wave is a clear (W)(X)(Y), and wave is nearly 2x of , the running triangle is less likely but not ruled out.
OANDA:XAUUSD
by Fomenka
$TNX broke downtrend, rates likely keep goingLong ago we mentioned that #FederalReserve had decision to make. They either chose the Economy or the Markets. They CANNOT do both. It's obvious, plus they keep repeating, with rate hikes where their mindset is. Media states that Wall St thinks that #interestrate will be cut. BUT Looking @ short term rates, they look primed to go higher. #bonds ------------- The 1Yr is moving very nicely. BUT The 2YR picked up a lot lately. It's closing in on the 1Yr. 🚨🚨🚨 The 10Yr #yield is cranking & broke downtrend. #TNX How much higher can things go before they break? We've also mentioned that extreme #currency devaluation has bullish consequences (many countries are an example of this) Dilemma EDIT: We're still forming higher highs so market correction likely not there. This tends to happen once the inverted yield curve fixes itself. 2Yr Peak during great financial crisis was 5.28 10Yr Peak was 4.32 #GOLD #silver CRYPTOCAP:BTC
TVC:TNX
by ROYAL_OAK_INC
XAUUSD(GOLD)-07/06/2023Preferred direction: BUY Comment: Gold slowed down a little with uptrend impulse, unlike Silver. Although such a trend is natural in principle, that silver outperforms gold (especially in %). The previous scenario is in force and has already begun to be worked out. Approach to the level of 1938.915 will be more likely very soon, in addition, given the news background, we can expect an impulsive upward movement. In this case, this level will be stitched through and for buyers it will be necessary to fix it above the specified mark. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
3
USDJPY-07/04/2023Preferred direction: SELL Comment: Today, the USDJPY currency pair has the greatest chance of turning down over the past 2–3 months. The potential and most confident short entry point is now located at the level of ~143.8. When closing below this level, the instrument is very likely to roll down to 142.204 and 141.327. However, it is unlikely that the instrument will fall like this right away, maybe the same re-test to ~143.8, after which the movement will resume towards the specified targets. Thank you for like and share your views!
Short
by Strifor
2