Long-term trend: uptrend, medium-term movement and short-term long
Lower bottom at resistance levels 1.1079, higher peak than the previous candle which changes the price tendency to long
Fibonacci correction at the last upward movement - 50% at levels of horizontal support 114.737
Higher bottoms at the last few candles
RSI went above 50
CCI(50) went above -100 - positive signal for a rise
Fundamental analysis: The incentives form BoJ to stimulate the economy is around 28 trillion yen which will lead to JPY decrease. There may be some Mismatches with market expectations but expectations today are for bigger stimulus
Stefan D. Angelov - Head of Stocks Trading
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