USDJPY Head & Shoulders
Interestingly I was looking at the USDJPY daily & monthly charts and realized the daily chart looks very similar to the monthly chart – except the H&S on the daily is at a later stage of completion. If the H&S on the monthly follows suit, we’re talking a low 80s target, which is probably equal to a 30-40% move in Gold. More in silver.
Daily (CLICK TO ENLARGE):
And the Monthly (CLICK TO ENLARGE):
Thanks. I was looking for a 20% move in gold, but 30% would be nice 🙂
Good spot Nick.
Possibly a very good spot indeed.