Missiles and USD/JPY fly [Video]

Dale J Pinkert Independent Analyst

Coach examines the sharp moves in USDJPY following the latest missile-related headlines, highlighting the intervention candle alongside continued strength in the U.S. Dollar Index (DXY). He also explains the rationale behind last night's Gold long trade and discusses the retracement in Micron that began yesterday. To wrap up the session, Dale uses Fibonacci analysis to identify key levels and assess the potential for a failing rally.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

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