[rufffen]

GBP/JPY Update 12th UK session. Looks like that item might want to go higher yet, after a retrace of the highs now (currently 211.60). Its possible it will go SOUTH to 209.60-209.80 and then retrace to 212-213, I will update as we go.

Recommend to take profits on your shorts at the bottom as we start to retrace soon. Cant guarantee that it wont spike up to 213 before initiating a new stage in the downtrend.

[rufffen]

Looking at USD/JPY 4hour chart I see another fractal, which sort of is in confluence with the yen crosses, USD/JPY might try for 116.20 one more time before going SOUTH to 112-113, Id recommend to wait for 115.90-116.20 to initiate SHORTS. Meanwhile Id just trade the crosses, according to the previous posts.

[rufffen]

US session update: Since USD/JPY is pushing towards 116.20 and minor wave degrees on EUR/JPY point to further upside, won't recommend any more SHORT trades, before YEN tops out. It would be a definite and clear reversal signal, need to wait for that.

Meanwhile EUR/JPY could push beyond 148 soontime, it doesnt mean that the new downturn is off, this item needs to let the steams off before reversing SOUTH. 147.80-148.60 is about max it can do now.

[rufffen]

Update as to #9, XAU spot gold reached 656 today, now next stop is 674 for this item, or might start to retrace soon, however it's hard to see a retrace with so much trouble in the world, investors dumping currencies, buying precious metals now. Id say if it establishes above 672 we'll see it above 700 very soon. It's extremely VOLATILE ITEM now, Im not trading it recently, can't recommend any trades.

[rufffen]

XAU SPOT GOLD Update: Download PDF with turning points price/time here, select Free, enter 4 digit code in the top right and hit download, wait for a timeout and save to your local drive.

Next turning point is 14th-15th this month.

[rufffen]

EUR/USD Update: This item might try for 2550-2650 soon, broke important levels today, below monthly balance zone and broke weekly support zone1, break of 2659 might indicate 2500 downside in coming days.

Still puzzled with the USDX going up, and XAU spot gold going same way? Hardly see it at any rate, most times its inverse correlation between these two items.