The Japanese Yen index has crossed the resistance (green line) to the upside 2 days ago.
A bullish divergence appears between the price and the MACD lines: a sign that a trend reversal may have occurred.
I will buy the yen via the Rydex CurrencyShares Japanese Yen Trust ETF (ticker: FXY).
See the weekly and daily charts below.
Weekly chart:
Daily chart:
I plan to buy at a price of 103.20$ and add shares if and when price reaches n°2 on the chart (stop loss @ 100.00$).
