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Jan 10, 2017 5:52 PM

Descending triangle at top of overextended bull flag Short

OANDA:USDJPY1D
USD/JPYOANDA

Description

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UJ continues to consolidate. Eventually will break 115 and target is 113.5-114

Invalidate if daily close above sma9

Gold is highly correlated to UJ right now, so gold should move higher as UJ heads south.

Trade closed: target reached

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Hit target overnight. Will reload on pullback. LT target is now 109 and 104.
USDJPYGoldGDXJJNUG
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