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.
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