Future of American stocks: buy or sell?
What will happen to the one of the main indices - S&P500
USD/JPY: a corrective move is coming
USD/JPY has been rallying since November 27th and is doing a consolidation above the 200 SMA at H1 chart. According to our Fibonacci projections, the pair is expected to perform a correction in favor of the bulls, which could target the demand zone established between the 111.94 and 111.61 levels. If it manages to rebound above that area, it’s expected to test the next Fibonacci target of -23.6% at 113.58.
RSI indicator remains in the positive territory.
Felipe Erazo
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