27.10.2020
The pair found support at 104.65, forming a “rising flag” (trend continuation pattern). If the market mood changes after yesterday’s sell-off, the pair may turn up, while remaining within this pattern.
Technical side:
The price is above the middle Bollinger band, at the level of SMA 5 and SMA 14. RSI is below the 50% level and is growing smoothly. Stoch are also likely to reverse upwards.
USDJPY rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair with a local target of 105.10.
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