USD/JPY: long trend on Daily chart, medium -term downward movement. The short-term movement is upwards
Fibonacci correction on a upward move to 50% - levels of support
RSI went above 50 at the moment when the prcie went above 25 EMA - positive signal
Fundamental analysis: Boj monetary policy will remain expansionist. Despite the speculations about the size of the incentives, the latest data shows that it is likely to be around 28 trillion yen.
DeM went above 0.3
Higher peak than the previous candle and a lower bottom - possible change of the mid-term downward movement to long
SL: 104.95
Stefan D. Angelov - Head of Stocks Ttading
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