25.09.2020
The pair is turning down against the backdrop of the stronger US dollar as the demand for risk assets has increased due to hopes of Democrats and Republicans agreeing on new stimulus package to support the American economy and citizens.
Technical side:
The price is located above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the 50% level and is declining. Stoch are steadily falling.
USDJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair after it crosses 105.25 with a probable drop to 104.80.
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