USDJPY
The pair is trading above 112.65. It may correct upwards against the background of profit taking following last week’s significant drop of the USD rate.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are trying to reverse upwards.
Trading recommendations:
If the pair takes hold above 112.65, it may go further up to 113.25 before resuming its decline.