27.06.2019
USDJPY
The pair is supported amid the decreasing tension surrounding the possible armed conflict between the US and Iran. If this sentiment remains, the pair will keep receiving local support.
The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and keeps growing. Stoch are in the overbought territory and aren’t informative.
Trading recommendations:
If the pair remains above 108.00, it may continue further up to 108.75.
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