Divergence is building up on 4H charts, which signals possible trend change. Prior to the Fed interest rate decision (27-07-2016) profit taking from the last bottom point is possible. Open a SELL order from 0,98400 level.
Stop/loss: 0,99110.
Take/profit: 0,97850 – 0,97250.
USDJPY
The pair is consolidating prior to the Fed meeting results announcement, which will take place on 26-27 of July. Most probably, it will continue to do so today.
The price is on the middle Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving …
Divergence is building up on 4H charts, which signals possible trend change. Open a SELL order from 0,98400 level.
Stop/loss: 0,99110.
Take/profit: 0,97850 – 0,97250.
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