18.11.2020
USDJPY
The pair dropped below the key level of 104.00 amid lower risk appetite in equity markets and weak data on retail sales in the US published on Tuesday.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are reversing down.
USDJPY rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with its probable drop to 103.25.
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