10.02.2021
USDJPY
The pair is declining amid the overall trend of weaker US dollar, which is formed due to the new large-scale incentives in America in the amount of $ 1.9 trillion.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is falling down. Stoch came out of the oversold zone.
Trading idea:
The pair is above 104.50. Sell it with a likely drop to 103.40.
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