Traders, the US bonds keeps trading lower, while yields and US stocks are still looking strong. So when you have such correlations in place the best investment will be in Yen crosses. With that said, it may not be a bad idea to keep an eye on EURJPY maybe that seems to be in a corrective retracement. I can see some nice technical support around 138.80 from where uptrend may resume. Keep in mind that for the last few weeks, the EURJPY has better correlation with USDJPY rather that EURUSD. So for more upside on EURJPY, USDJPY must remain in bullish mode.
EURJPY 1h Elliott Wave
GOLD is under pressure at the start of the European session which we still think it can be wave b) corrective retracement as a part of incomplete three wave recovery from 1226 low. Be aware of a spike into 1226-1234 levels before reversing up.
GOLD 1h Elliott Wave
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