27.07.2016
USDJPY
The pair has all chances to start rising today if the Fed decides to bring the idea of interest rates hike to life. It will push the Central Bank of Japan to expand stimulus on the meeting later this week.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI index is crossing the 50% line. Stoch are yet to signal downward trend.
Trading recommendations: Buy the pair after 105.75 level is breached with probable target of 107.45.
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