Looking for a retest of the 110 level then back down to 107.500. If it breaks 110 ( which by the strength of the yen vs the DXY and its position is unlikely ) look for the fake out. NOT A SIGNAL NOT A CALL
Quarter Theory has changed the way I perceive the market. As you can see there are quarter points shown. If UJ will close and respect below 110 it will try for 107.50. However we are approaching NFP. Historically for the last several years all August numbers have come out below projection. The USD is in trouble as it settles and is unable to break a critical level...
Gold has been pushing with the weakening of the usd and it is my supposition the pair is bullish and will consolidate until it gains again, my personal target is 1350, not a call
