04.05.2017
USDJPY
The pair is trading at the support level of the short-term downtrend. A breach of the trend line, amid the expectations of positive US employment data, will facilitate its growth, despite the pair being locally overbought.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA4. RSI resides in the overbought zone. Stoch are also in the zone.
Trading recommendations:
If the pair breaches 112.90 level, there is a possibility of its further rise up to 114.00.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
