USDJPY: doing the right thing at the right position
This is a wedge for uj, but can it still go up again ?
Yes, its possible.
But i guess other traders will come and surround you and rob your account money.
Less is more!
Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders ...