28.02.2020
The demand for risk assets will continue dropping due to the remaining mood of panic in the market, which means that the Japanese yen, as a safe-haven currency, will be in demand. Considering the circumstances, we believe that there’s a greater likelihood of a further decline than growth.
The price is below the lower line of the Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone and indicates a weakening of the price decline. Stoch are also in this zone and showing a likely reversal.
Trading recommendations:
If the pair overcomes the 108.85 and fixes below, it will continue to fall to 107.00.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
