MAYZUS Daily Technical Levels
USD/JPY – during the day there is a risk of a technical correction
Our turning point is the level of 101.8500
Our preference: Sell the USD/JPY pair below the level of 101.500, with the nearest targets being 101.250, 101.000, and 100.750.
Alternative scenario: If the resistance level of 101.8500 is breached up with success, then the pair could rise to 102.200, 102.500 and 102.900.
Analysis: The stochastic gave a signal to sell.
Please note that this information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.