USDJPY technical analysis 11.05.2020

USDJPY 
The pair is growing amid optimistic sentiments in markets, which are assotiated with the easing quarantine measures and based on hopes for the world economy faster recovery of the world leading countries. Investors are hoping for the V-shape of the current crisis. After the strongest drop in March and April, there will be the same drastic growth by the autumn of this year.
Technical side:
The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is under the overbought zone and signals for the steady growth. Stoch are already located in this zone.

Trading recommendations:
Fixing the pair above 107.10 will lead to its local growth to 108.00.
The USDJPY rate online: monitor the movement of the pair in real time.