12.07.2016
USDJPY
The pair couldn't breach the resistance level of 103.40-50 and will most likely turn down amid the blurry future of the Fed's interest rates hike this year.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is coming out from the overbought zone. Stoch are also leaving it.
Trading recommendations: Sell the pair with approximate target of 101.35 on the wake of the failure to breach 103.40-50 levels.
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