Yen getting strong against weak dollar, heading to 111.30
USD/JPY Technical Update: USD/JPY pair on H4 chart seems it completed wave 3 at 112.80 and also formed a double top which reversed already. A wave 4 will start from here to downside 111.30 from current price. A break below 111.30 will be an invalidation to the upside eave 5. Overall sell on rise is advised with a stop loss above 112.80
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We look to Sell at 112.30
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Stop: 113
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Targets: 111.30
The information, analysis and estimates Contained herein are based on BSH Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents BSH Research opinion and is meant for general information only. BSH Research, its directors, officers or employees shall not in any way be responsible for the contents stated herein BSH Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. BSH Research, its affiliates and their employees may from time to time hold positions in securities referred to herein. BSH Research or its affiliates may from time to time solicit from or perform investment banking or other services for any company mentioned in this document.
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