16.04.2019
USDJPY
The pair is trading below the level of 112.00. In our opinion, it will continue a correctional drop in the wake of persisting fears that the world economy will continue to slow down in its growth, which could lead to the beginning of a recession. In this case, protective assets including the Japanese yen will be in demand.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. Movings give a signal to sell. RSI continues to move down. Stoch are falling.
Trading recommendations:
Sell the pair right after it drops below 111.90 with its possible drop to 111.35 or even lower to 111.25.
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