USD/JPY: REVERSAL OF TREND UNDER CONDITIONS
LONG TERM: The pair has for the last 5 years stayed in a bear trend,approaching long term support levels.As soon as it stays above the 101.00 level we are assuming the beginning of the creation of a reversed head and soulders formation,something that will be proved after the approach and the upwards break of the 125.00 area.
SHORT TERM: As correctly described in previous analysis:”We can re enter long at the upwards break of 112.40$ aiming 114.40$.Stop loss at 111.40$”.Target accomplished,profits of 2$ received.We can re enter long at the upwards break of 114.70$ aiming 118.00$.Stop loss at 113.30$.
Disclaimer: This information note constitutes an informative advertising content and in no way constitutes investment advice, incitement or offer to participate in any transaction. No information contained therein should, in any case, be construed as an appropriate investment for the recipient, nor a means of achieving the specific investment objectives or meeting any other needs of the recipient, nor a substitute for any contractual texts relating to those described. in it transactions. For these reasons, each investor should make their own assessment of any information provided in this communication and should not rely on any such information as if it were investment advice. This also does not constitute investment research and, therefore, was not prepared by the Company in accordance with the requirements of the law aimed at ensuring the independence of investment research. The information available herein is based on information available to the public and is considered reliable. The Company bears no responsibility for the accuracy or completeness of this information. The views and estimates set forth herein relate to the trend of the domestic and international financial markets at the date indicated and are subject to change without notice. The Company may, however, hereby include investments in the field of investments, which have been prepared by third parties. The company does not modify the above inquiries, but lists them as such, and therefore does not assume any responsibility for their content.