USDJPY Technical analysis 22.09.17

USDJPY

The pair reversed downwards and corrects after a significant growth. This behavior is caused by the new turn of U.S. and North Korea tense relationship. It also leads to the growing demand for protective assets. The increasing international tension may trigger the price to continue its local decline.

The price is below the middle Bollinger band, below SМА 5 and SMA 14. RSI is above 50% level and its decline weakens. Stoch are falling.

Trading recommendations:

The pair may go down to 111.35 and then likely to 110.65 as the international situation grows tense.