20.11.2018
USDJPY
The pair is trading below 112.65. It’s under pressure due to the decreasing probability of interest rates hike this December, as was hinted at by the Fed member Patrick T. Harker this Friday.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold territory, Stoch aren’t informative.
Trading recommendations:
If the pair stays below 112.65, it may drop further to 111.85.
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