Securities profile Open End Turbo Short Warrant on USD/JPY (DZ BANK AG) WKN DJ9UR9 ISIN DE000DJ9UR97 Chart Message Share price comparison

Lauda-Königshofen (www.optionsscheinecheck.de) – In his current publication, Maciej Gaj from “boerse-daily.de” presents an Open End Turbo Short (ISIN DE000DJ9UR97 / WKN DJ9UR9) from DZ BANK on the currency pair USD/JPY (ISIN XC0009659910 ). / WKN 965991).

The US dollar has gained around 11 percent in value against the Japanese yen (USD/JPY) in recent weeks since mid-September and has moved into the highest resistance area from the beginning of June. In recent discussions, this exact area was identified as a potential trend reversal point, in the direction of which the price patterns for the pair are currently consolidating. A trend reversal came as no surprise.

After the USD/JPY pair broke a medium-term downtrend at the beginning of August by sliding below 151.9440 JPY, it fell shortly afterwards to horizontal support that has existed since the summer of last year around 139.3880 JPY. A surprisingly dynamic recovery was started there, which resulted in price gains of up to JPY 154.7080 and thus the previously favored target range. This spot is currently being used for profit-taking, so a reversal pattern could emerge from the last few days.

A sustained daily closing price below a level of 150.9620 JPY would trigger correction potential as part of a 123 consolidation, initially in the area of ​​the two moving averages around 149.7000 JPY, below which the area around 147.6700 JPY would have to act as support. However, the pair could then see a continuation of the rally, especially since the recent recovery was five-wave. However, if the previous week’s highs at 154.7080 JPY were to be dynamically overcome, the previously broken upward trend around 156.5810 JPY could be tested again.

Investors should not have higher hopes for an immediate continuation of the rally given the increasingly cloudy price patterns; Below 151.2760 JPY there would be a risk of discounts to 149.7000 JPY and would lend itself to a corresponding short commitment. Below this, the high from 1998 at 174.6700 JPY could even be reached again.

By using the Open End Turbo Short certificate, a return of 70 percent could be achieved if the first goal is reached. However, a loss limitation should initially not fall below the range of 152.6530 JPY; in appearance, a corresponding stop price of 1.48 euros would result. The investment horizon should only be a few days, so events should be monitored closely. (11.11.2024/o/a/w)

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