The fluctuation of the US dollar in a narrow range tilted to the upside during the Asian session, to witness the lowest since March 13 against the Japanese yen, following developments and economic data that were reported by the Japanese economy and before the economic developments and data expected today …
The overall trend is upward. The round important level of 70.00 is holding back sellers. A breakout of the resistance level of 70.57 will result in the formation of an ascending wave pattern.
: monitor the price movement in real time.
Trading recommendations:
Buy above 70.57. …
The pair is correcting down amid a strong local overbought condition ahead of the Fed's monetary policy meeting. It may decline further today before receiving a new impetus for growth.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is coming …
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