USDJPY going long only to Drop for most probably 750 pips+
With the correlation between Gold and the USDJPY, we have noticed that Gold is showing signs of dropping to points around the 1420's meaning the USDJPY might be on the rise for about 150pips+ as shown on the chart above and to the 110 point where there is an area of confluence and then from then we will find reversal patterns and short the pair to around the 102-101 area gaining around 700 pips plus if all goes well ....and we'll also be on the lookout for gold :) to see if we can get the same vice-versa and do a little double- trouble trade .... but oh well please let me know what you think in the section below :)
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