USDJPY Technical Analysis 22.06.2017

USDJPY

The pair is higher than the support level of  111.00. It has corrected amid the weak negative reaction of the Japanese market due to the multi-directional dynamics of the US dollar.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and falling. Stoch are also falling.

Trading recommendations:

If the pair falls lower than 111.00, there is a possibility that if will go lower, reaching 110.40. But if it doesn't fall lower than the mentioned point, it may locally rise up to 111.70.