This chart shows the relationship between XAUUSD and USDJPY. You will also see how gold is more volatile and the movements can become exaggerated. It is these exaggerated overbought and over sold movements of gold that make excellent short term plays.
Longer term plays should be made by studying the movement of USDJPY as it cycles through it's waves. Happy trading!
Longer term plays should be made by studying the movement of USDJPY as it cycles through it's waves. Happy trading!
