Sooner or later USD/JPY should hit 107.400 area and it will completes the down trend of this pair and subsequent up move will bring the price 113.000 area.
BUY @ 107.400, SL @ 107.200, TP @ 113.00.
The wave 3 of the wave C is in progress and one more dip to 1.2575 area will completes the wave 3.
A short term BUYing opportunity is there in the 4th wave correction.
The trading strategy is as follows;
Trade 1 - BUY @ 1.2575, SL @ 1.2570, TP @ 1.2750 (Wave - 4 correction)
Trade 2 - SELL @ 1.2750, SL 1.2758, TP @ 1.2500 (Wave - 5 of Wave - C)
The ABC pattern...
Gold formed a triple bottom chart pattern. Increased volume at the yesterday's break out suggests, gold will go higher.
Buy gold @ 1325.00, SL-1322.00. Minimum target is 1336.00, and may be more after slight pull back.