MAYZUS Daily Technical Levels
USD/JPY – growth is possible
Our turning point is the level of 101.500
Our preference: Buy the USD/JPY pair above the level of 102.100, with the nearest targets being 102.500, 102.800 and 103.200.
Alternative scenario: If the support level of 101.500 is breached down with success, then the pair could drop to 101.000, and 100.700.
Analysis: The technical indicators point that the USD/JPY pair is oversold.
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.