30.03.2020
The observed local rebound in the European stock markets and the high likelihood that the same will happen in the US are supporting the pair. Due to the high volatility and large-scale stimulus measures by the Fed and the US Treasury Department, the demand for risk assets will gradually increase. The pair may be supported today because of this.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and reverses up. Stoch are coming out of the oversold zone.
Trading recommendations:
Buy the pair after it consolidates above 108.00 with a likely growth to 109.60.
The USDJPY rate online: monitor the movement of the pair in real time.USDJPY rate online: monitor the movement of the pair in real time.
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