Well the fundamentals may look good, but the chart also tells a positive story. The last time I posted on FXJ I flagged the possible interaction to the 12 month downtrend line (see interaction circled in chart below) as being a support preventing further fallback to the 42/43 level, and it appears to have done exactly that.
Unfortunately for me that means I've missed the boat. The gap is now closed and support is at 50. Well done to holders.
Cheers, Sharks.
FXJ Price at posting:
51.0¢ Sentiment: Buy Disclosure: Not Held
