Home About the company Daily reviews USDJPY Technical Analysis 25.07.2016

USDJPY Technical Analysis 25.07.2016

25.07.2016

Market Review

USDJPY

The pair is consolidating prior to the Fed meeting results announcement, which will take place on 26-27 of July. Most probably, it will continue to do so today. 

The price is on the middle Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving horizontally. Stoch turned downwards.
 

Trading recommendations: We recommend to wait for the Fed's decision on the interest rates. Most probably the pair will continue rising supported by the data positive for the US dollar.

Author: admin
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