25.10.2016
USDJPY
The pair is receiving support amid Japanese stock market rise and in anticipation of the interest rate increase during the Fed meeting in December, mainly due to the Monday comments given by Bulland and Evans.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is climbing up. Stoch entered the overbought zone.
Trading recommendations: Once the level of 104.50-55 is breached, a further rise up to 105.00 will be triggered.
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