The USDJPY/XLF ratio has been an excellent tool for timing moves in the financial ETF - XLF. It has hit a pretty important BUY pattern which, in the past, has caused resistance for financials. This pattern hit right as XLF was hitting the first of some upper targets. While I envision the XLF going a little higher to test the patterns shown below, this pattern on the ratio has me paying attention. Again, it doesn't have to go up to that level - does it? In addition to that, the EUFN (European Financials) hit a key price projection. Getting interesting ...
