Technical Overview USDJPY - 07.01.2020.
USDJPY pair remains under pressure in the wake of the Middle East crisis. We believe that this factor will be the long-playing, and so in general to support the demand for protective assets, which include the Japanese currency.
Price USDJPY is at the midline indicator Bollinger boundaries SMA below 5 but above SMA 14. RSI RSI turned down, being below 50%. Stoch also turns down, leaving the overbought zone.
Recommendations for the USDJPY trading:
The outlook on the USDJPY pair remains the same. We consider it possible to sell it to the local purpose 107.25 ..
Analytics Grand Capital
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