29.06.2021
An increase in tension amid the publication of employment data in the US may lead to investors avoiding risk and to a local decline in the pair.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI crosses the 50% level and shows a local upward reversal. Stoch are also turning up.
USDJPY rate online: monitor the price movement in real time.
Trading idea:
If the market sentiment worsens, it will cause the pair to decline to 110.15, but for this, it should drop below 110.50.
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