2:20 am Hong Kong. Things have gotten very interesting in the currency and gold markets this week. I had mentioned that the dollar broke down from key support and in previous posts that if it broke down from the wedge it would be very, very bearish. Well, UUP also broke down from the uptrend line from 2014. The UUP could drop down to $24. The thing to watch is the backtest now of that broken trendline. I still have no positions on right now either way in anything. The price patterns have become very interesting to me now in a variety of instruments. Just watching now. I plan to head over to Macau today to see the “gamblers” lol, and mostly “trying” to sleep during U.S. trading hours.

The USD/JPY has met and somewhat exceeded my downside price objective trading down to 110.93. The next level down stands at 109.42.