18.08.2017
USDJPY
The pair has resumed its fall amid the weakness of the US Dollar. Japanese Yen is rising thanks to the positive data on the Japanese economy and the content of the last week's Fed meeting minutes, which signaled the increased concerns regarding the weak inflation.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI is falling. Stoch reside in the oversold zone.
Trading recommendations:
The pair has breached the 109.45 level and dashed downward. Sell it, considering a possible fall to 108.70.
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