Dollar has been too strong lately and maybe it needs a bearish correction. Also, EURUSD is testing a bullish channel which might work or not. Gold seems to be making a bearish correction (maybe around 1235 but I'm not sure. Also remember USDJPY and SPX and DJIA are directily correlated, so if the setup works we might see a higher stock market too. Everything will depend on the fundamentals, let's see how it goes ^_^
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Conversely, in a bearish case, USDJPY could test these lines, though they could be quite strong. :-/
Commento:
Seems the bearish case won, we're in a dollar correction ,pay attention to the EURUSD channel.
