The US dollar fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce to the fourth session from the lowest since May 11 against the Japanese yen following the decisions and directions of the Japanese central bank and on the threshold of the …
The medium-term trend is downward. The pair is trading in the rage of 365 and 135 moving averages directed downwardly. The ascending H1 level pattern has been formed, that can be a wave (B) of a descending H4 level pattern. Awesome Oscillator indicates a Bearish divergence, and Stochastic Oscillator …
The support level at 359.50 held back sellers. Breaking through the price pivot zone of 369.10 will let the 1-2-3 ascending pattern to be formed. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy after the price pivot zone 369.10 is broken.
Stop loss: under the support level at 359.50.
Target …
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