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!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.