ALERT: Japanese Yen (JPY) Golden Cross!

[themaestro]

Golden Cross AND the Yen will challenge 6-year resistance.

In the meantime, DXY is at another 2017 low and now within the 93 handle.  

-TMW

Comments

[alexmorris]

My goal for the next year is to understand technical analysis.

[goldandcoin]

@alexmorris I hear you! exellent post though, and something to look into and keep an eye on.

[plucky214]

OMG What a choice. The YEN or the Dollar, I choose neither. Just arbitrary measures of nothing.

[rebel-investor]

Lower dollar to the Yen usually means higher gold

[themaestro]

Good analysis. That's why this chart matters.

[busboy]

This makes it cheaper for foriegn countries to buy our imports. It's good for business. It's also an indicator that interest rates could increase again and a sign our economic recovery is not really recovering.