29.01.2021
USDJPY
The pair receives support amid the investors’ misunderstanding of the vaccination process along with the economic growth in Western countries, as well as misunderstandings with the implementation of Joe Biden's support program in the amount of $1.9 trillion.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI has entered the overbought zone. Stoch are also included in this zone.
Trading idea:
If the pair holds above 104.40, it will continue its local growth to 105.20.
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