FBS - Analytics

    FBS

    555.00 6.00/10
    84% of positive reviews
    Real

    USD/JPY: Exit from the oversold zone

    The rebound from the -1/8 level (105.47), as well as an attempt to settle above the 0/8 (106.25) level gives evidence of possible change trend. It should be noted that STH4 did not change the color, so it is still too early to consider the further growth scenario. It is quite possible to form a corridor between -1/8 and 1/8 (107.03) levels, as it is evidenced by reluctance of prices to grow higher than 1/8. The rebound to the area of  STD1 will take place in case of the significant breakdown 1/8. 

    Trade Recommendation: 

    Buy – 107.62; sl – 107.10; tp – 108.40.

     

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