USDJPY Technical Analysis 06.04.2017

USDJPY

The pair is lower than 111.50. The market keeps following the publications of the data on the American economy, but the attention is mainly focused on the results of the trade negotiations between the US and China.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level, but demonstrating weakening of the growth. Stoch are under overbought zone.

Trading recommendations:

Rise in the inclanation to buy risk will support the pair, which will go higher than 111.50 and will lead to the further growth up to 112.30.