11.11.2016
USDJPY
The pair has risen dramatically amid the expectations of the interest rate increase by the Fed and the US dollar growth potential due to the "new" economic policy to be imposed by Donald Trump.
The pair is higher than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI resides higher than 50% level and moving horizontally. Stoch are turning downwards, leaving the overbought zone.
Trading recommendations: It is most probable that the pair will correct down to 105.65 prior to a possible hike up to 107.45.
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