25.06.2019
USDJPY
The pair is still under pressure caused by two factors. First, there’s a risk of an armed conflict between the US and Iran, second, the Fed is likely to start reducing interest rates this year.
The pair is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is not informative. Stoch are in the oversold territory and also not informative.
Trading recommendations:
If the pair takes hold below 107.10, it may drop further down to 106.00 due to the overall negativity on the part of investors towards the USD.
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