The fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session, to witness its bounce for the second session from the lowest since March 13 against the Japanese yen, following the developments and economic data that it had reported on the Japanese economy …
The overall trend is upward. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator indicates an oversold situation. A descending truncated H1 level pattern has formed.
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Trading recommendations:
Buy when an ascending wave pattern is formed, where wave A …
The pair is trading above the support level of 1.1765. It’s highly likely to start correcting, since all the strong reasons for growth have already played out. From the technical point of view, the pair is noticeably overbought and any positive trends for the USD can push it down. …
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