years on the market

Technical analysis 27.08.2019

USDJPY

The pair is trading flat amid uncertainty over the resuming of US-China trade talks. This factor will increase the demand for defensive assets, including the JPY. 

The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is below 50% and declining. Stoch are also falling

Trade recommendations: 
If the price falls below 105.60, it may go further down to 104.00.

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