22.05.2018
USDJPY
The pair has corrected downwards against the backdrop of profit-taking by investors, as well as a small decline of the US government bonds yield and of the demand for company stocks.
The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50% and is reversing upwards. Stochastic oscillators indicate a cease of decline.
Trading recommendations:
The pair is highly likely to grow up to 112.00 after passing the level of 111.35.
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