Youcefstyles

A little more push up before the reversal

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FX:USDJPY   美元/日元
We have the USDJPY pair which moves in the opposite direction of Gold, so when the gold starts moving up, the USDJPY will move down. This is what I'm expecting this week, I believe that the USDJPY is overbought, the pair has already reached 110.30 level without any correction on the daily and weekly time frame. For this week, I think the price will move down to 109-108 levels first, the long-term target could be around 106 and 105 levels.
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