USD/JPY: possible fake breakaway of the price below 108.00 and a new probably inclining movement with target around 110.50. Possible long positions with stop 107.15
Alternative scenario: Eventual decrease below 107.25 will increase the negative sentiment, where we could seek new short positions.
Commentary: Fake breakaway under 108 and a support at 108.10
Serious support levels: 61.8% Fibo
Divergence price - indicator: lower lows of the price and higher lows of the indicator
Fundamental: unjustified risk aversion on the last couple of days from last week due to the hurracanes and North Korea. Now the outlook is changed in favor of the risk appetite.
Стефан Д. Ангелов - Head of Stocks trading
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