Monday, November 20, 2017 5:04:21 PM
OK, so I just got back to my computer where I keep some charts up so they can continue to update. Check out this chart of the USDJPY that I posted last Friday. It still has the bear wedge that I called out that shows it was going to throw it down to mid 111's from there if it broke (which it did break)...which would help gold (which it also did).
The top line HAS NOT been altered/moved from Friday. They retraced the move back up to exactly this descending trendline today. If they do not break this line to the upside overnight...USDJPY is going to puke and get down to the mid 111's (or lower) which once again 'should' reverse gold. Assuming it does not break to the upside, this tells me pretty clearly the action today was manufactured towards a result...
Just wow.
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