The Japanese yen fell against the US currency during trading today, Monday, in light of the escalation of the Corona virus crisis in the country with the third largest economy in the world.
The Japanese government announced an increase in the number of Coronavirus infections in a number of regions …
The pair is consolidating above the 1.1755 following the uncertainty about future developments in the currency markets. It forms a pattern of continuation of the "rising flag" trend, which is a signal for a possible continuation of the upward movement of the price.
Technical side :
The price is …
The overall trend is upward. The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals an oversold condition.
: monitor the price movement in real time.
Trading recommendations:
Buy on the formation of an ascending structure, …
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