The US dollar fell during the Asian session to witness its bounce back to the fifth session in seven sessions from the top since April 25, 2019 against the Japanese yen after the developments and economic data that were reported by the Japanese economy and on the cusp of developments …
The demand for risk assets will continue dropping due to the remaining mood of panic in the market, which means that the Japanese yen, as a safe-haven currency, will be in demand. Considering the circumstances, we believe that there’s a greater likelihood of a further decline than growth.
The price …
The overall trend is upward according to the 365 and 135 moving averages. The round intermediate level of 112.50 holds back sellers. Awesome Oscillator shows a bullish divergence. The descending H2 level pattern is probably a wave (B) of the ascending H4 level pattern.
Trading recommendations:
Buy strictly while an …
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