19.03.2019
USDJPY
The pair has gone below support level of a short-term uptrend. It may return to the downtrend if investors’ sentiment concerning the possible cessation of the Fed’s interest rates hike course weakens.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is below the level of 50% and indicates a possible decline of the price. Stoch are moving down.
Trading recommendations:
If the pair goes below 111.15, it may drop further to 110.60.
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