Yen... going to be an interesting ride
... another very bad day for markets with no sign of recovery as this cloud over the WH continues to pour. We are 'minutes' away from another breakdown as flows continue with RISKOFF.
Targeting 108 handle as first TP where we can look for momentum and 103 is the extension as TP2. Those trading Gold from the 1230 I would highly recommend trailing stops after this pullback, with an option to add to positions via momentum in the next leg.
For now I will continue to buy Yen and Gold and short US500 as this risk-off has a lot more to go with markets tracking down 13th June for next FED meeting like a hawk... also keep in mind ECB combo!
Targeting 108 handle as first TP where we can look for momentum and 103 is the extension as TP2. Those trading Gold from the 1230 I would highly recommend trailing stops after this pullback, with an option to add to positions via momentum in the next leg.
For now I will continue to buy Yen and Gold and short US500 as this risk-off has a lot more to go with markets tracking down 13th June for next FED meeting like a hawk... also keep in mind ECB combo!
Komen:
for those who have added at 111.62x, stops are moved to b/e
Komen:
!!!
