Hello.
To spot the trend of a yen pair currency such as USDJPY,
it is important to know what the trend is in the Japanese Yen currency index.
Yen's overall wave is a continuous trend line with a downward wave yearly correction,
which means that the line is completed only after a period of time in years.
If the current decline is the last wave of the yearly correction of the downward wave,
the point at which the correction is completed will be the new yearly correction trend line of the upward wave,
and another upward impulse can be expected.
That's when gold is trending up.
To spot the trend of a yen pair currency such as USDJPY,
it is important to know what the trend is in the Japanese Yen currency index.
Yen's overall wave is a continuous trend line with a downward wave yearly correction,
which means that the line is completed only after a period of time in years.
If the current decline is the last wave of the yearly correction of the downward wave,
the point at which the correction is completed will be the new yearly correction trend line of the upward wave,
and another upward impulse can be expected.
That's when gold is trending up.
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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.
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.