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USDJPY AB=CD model
This is a clear break.The price have a good up trend.
The price will back to the strong support line and then go up to 0.618.
Gold has been the turning point, the forecast can reach the target point or 0.618 points. Long-term prices can be reached near the previous low.
Here is a key point, if the price does not continue to decline, it will be the beginning of the rise.
We can see the role of resistance, waiting to rise.
I predict that prices will continue to fall.
The pound will be blocked again up, so choose short it.
short strategy of usdchf
USD/JPY big profit
gold will return to 1251 nearly.
Gold break important support 1275.
And then the price will go down.
So I guess 1246 could be a good support.
At the same time,the price will rebound to 1265.49.
Sell oil will test next support 47.03.
I think oil will reach 0.786(48.46) firstly.
I think that gold will reach 0.618AD.