The US dollar fell during the Asian session to witness its rebound for the third session from its top since March 26 against the Japanese yen after the developments and economic data that is reported on the Japanese economy and on the cusp of developments and economic data expected today …
The pair is at a strong support level of 108.00 in anticipation of the Fed’s monetary policy decision, as it is possible that Jerome Powell will hint at the easing of stimulus measures amid the quick recovery of the US economy from the coronavirus pandemic.
Technical side:
The price …
The currency pair is trading in the range of the round important level 122.00, near the 365 moving average. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when the M30 candle closes above the round secondary level of 122.20.
Stop loss under …
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