After starting the first bull and with the appearance of the fears of European debt crisis, the Yen has also gained strength against Yuan and now it is back exactly at the 100 weeks average of 12.50, which should buffer the downside. Our long-term goals remain anchored at the top of this horizontal range that characterizes the market from 10 years now, that is the 16/16.50 area. Considering the negativity of the RoC at the moment, the chance of a low-risk entry is quite interesting (chart source: Bloomberg).
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