13.11.2020
The pair hit 105.00, but may resume the decline amid the uncertainty around the US presidential election and the persisting demand for safe haven assets, including the yen.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI tests the 50% level, moving upward. Stoch are not informative and are located in the oversold zone.
USDJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with a possible decline to 104.15.
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