USDJPY Technical analysis 05.09.17

USDJPY

Risks in international politics push the pair downwards while the investors display demand for protective assets, one of which is the Japanese yen. The pair is most likely to decline as long as North Korean crisis keeps threatening to escalate.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and moves downwards. Stoch have also reversed downwards.

Trading recommendations:

Technical analysis shows that the pair fell below 109.45 level, which will trigger its further decline down to 108.45 against the alarming geopolitical backdrop.