06.11.2020
The pair is trading above 103.45. Weak employment data in the US may increase the pressure on the pair, while Joe Biden’s victory in the presidential election expected by investors already weighs on it.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is at the level of the oversold zone. Stoch is turning up in this zone.
USDJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair after the breakout of 103.45 with a probable drop to 103.00.
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