Technical analysis 22.10.18

USDJPY

The pair is testing the level of 112.70 amid the growing demand for shares in Japan. The pair is also indicating a positive tendency within the short-term uptrend that is visible on the day timeframe after reaching the local maximum.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is growing. Stoch aren’t informative.

Trading recommendations:

Technically, the pair has remained in the short-term uptrend and after passing 112.70 has the potential for a local growth up to 113.25.