USD/JPY: Our expectations: The closing of several bars above 111.00 is a strong bullish signal after the fight around these levels and after both bars with long shadows. Risk appetite rises, resulting in yen pressure and possible pair growth. Possible long with stop 109.95
Alternative Scenario: A possible price drop below 111.0 and a subsequent drop below 110 will give us a signal to change moods to short
Comments: Possible change in the price trend, to long.
High upward movement, indicating that it is likely to continue.
Breakthrough key level of resistance 111.00
Indicators in the area of strong bullish moods Rise appetite is rising, which is a negative signal for the yen
Stefan D. Angelov - Head of Stocks Trading
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