CozzamaraDaZena

USD/JPY vs GOLD: some considerations

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hi Guys,

this is based on my post dated Jan 11th ( USD/JPY vs GOLD - daily) but 4hours. Here is the link:


USD/JPY made A) after bouncing at Y). on Jan 3rd.

GOLD maybe forming A) but it is below Y).

Below the movements made by GOLD:

Thank you for your support and for sharing your ideas.

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Comment: If you want to follow how the move unfolds on GOLD here is the link:
Comment:
Comment: Jeremy Stretch and Bipan Rai, analysts at CIBC Capital Markets, consider that the USD/JPY will likely move lower over the next months on the back of an appreciation of the Japanese yen. They forecast USD/JPY at 107 by the end of Q1 and 106 in Q3.
https://www.fxstreet.com/news/usd-jpy-ye...
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