USD / JPY: new trend (long term basis)

Long term: a technical recovery is expected

On a yearly basis, Bollinger band spread could increase. A PEI is in progress with our moving averages.

On a quarterly basis, stochastic and MACD could be oversold next period.

On a monthly basis, UM is our next objective.

Idea: towards UM

Bet: rise as long as our monthly stochastic is not overbought.

R= UM (85.43), MQ (94.18);    S= MM (80.52)

Medium term: technical recovery

On a weekly basis, prices are above UW and the trend for LW is bearish. A NEI is the status of the monthly time frame and no PEI is in progress with TAM tools.

Idea: higher as long as our MACD is not overbought

Bet: focus on monthly M23 trend.

R = UM (85.43);     S = MW (78.81)

Short term: bullish parallel

On a daily basis, a bullish parallel pattern is in progress.

Idea: use bullish parallel rules

Bet: towards UD.

R = UD (84.31);   S = MD (82.5)

Conclusion: technical recovery on a medium term basis.

Position: Previous = out, in progress = no position,  Next: out.

since 01/01 = NS

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