08.09.2017
USDJPY
The pair continues to fall under the influence of two important factors. First, it's the tense international climate, second, the weakness of USD. The yen keeps growing despite the release of weaker second quarter GBP data in Japan.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI has entered the oversold zone. Stoch are also entering the oversold zone.
Trading recommendations:
If the price drops below 108.00 level, it's likely to fall further down to 107.00.
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