Article By:
Christopher Lewis
Sunday, May 12, 2024 2:00 PM EDT
The euro rallied rather significantly against the Japanese yen during the trading week, as it successfully defended the JPY165 level. The market looks as though it is readying to attack the JPY170 level, which is a large, significant figure.
Chart Of The Day – Golden Cross
It's all about time frames, of course. So if you check the monthly chart with the same moving averages, the 50 has passed down thru the 100 for the 1ST time in at least 14yrs (as far back as TOS goes on the /GC)
Check $XAU, the 50 break down is more pronounced and price has just lost the 50 after breaking up thru it.
Time frames...