Hey friends Take a look at usdjpy . Today is last day of the month. Yen is testing breakout level of this multi year cup and handle pattern. I am watching the monthly close. Yen crosses can go lot higher and spx500 can follow too. Keep an eye out as this will be key for gold as well. I will post detailed chart after month end. Thank you for the read.
Nikkei P.S. This is not to say there won't be better opportunities elsewhere. In fact, the S&P 500 could outperform the Nikkei. But this trade is extremely interesting because of its relative certainty. There are more data points on the long term scale than many other indices out there today. The more certain the risk is, the better the trade.