After Brexit breakout it seems to be clear that a distribution to the 1100-1140 range is quite unlikely. From the classical Wykhoff Theory/Praxis we need to assume a correction back to the PS Region. But pay attention to BOJ Decisions that need to be expected soon. Even before next BOJ Meeting. JY correlates to Gold
and Miners and a action of BOJ may push Gold
back to SC
Region!! On completion of this Pattern by breaking the blue resistance line after the correction I am expecting now the mid-term Target before next major correction will be in the Range of 1900 XDR (currently in the Range of 2600 USD).