Technical review and forecast of the pair USDJPY 04/14/2020
USDJPY got support at 107.50. It has every chance to turn upside down on the wave of growing cautious optimism regarding a decrease in the number of deaths in Europe and the USA, as well as good economic statistics from China that were published today. We believe that this may serve as the basis for the local growth of the USDJPY pair.
Technical picture USDJPY: The
price is below the middle line of the Bollinger indicator, above SMA 5, but below SMA 14. The RSI is above the oversold zone and moves horizontally. Stoch turn up.
USDJPY Trading Plan:
We consider it possible to buy a pair with its likely growth of USDJPY to 109.20.
USDJPY rate online
Grand Capital Analytics
Analytical reviews and comments on them reflect the subjective opinion of the authors and are not a recommendation for trading. Forex Special is not responsible for possible losses in case of using review materials.