$YEN action today is not bullish. Needs to turn around for a GOLD rally.

$XJY – Daily

The daily line chart of the YEN is pure chartology. Just amazing. Notice the year long inverse SHS pattern in 2015, the break out in early 2016 (birth of the PM baby bull) and successful BT. Then there is the 3 year long support trend line that is being challenged today. What’s next?

A much longer term view. This may or may not be a SHS pattern reaching back to 2002.
Weekly line chart