23.03.2018
USDJPY
The price is moving down following Donald Trump’s de facto declaration of trade war with China. Hence the demand for the Japanese yen is growing and the pair may resume falling after the likely correction upwards.
The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is on the oversold zone. Stoch are also in the oversold territory.
Trading recommendations:
The pair may correct upwards to 105.40. If it doesn’t go above this mark, it may fall down to 104.00.
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