The currency pair is trading in the support level range of 141.15. Stochastic Oscillator indicator signals oversoldness. Breaking through the price pivot zone of 142.35 will result in the formation of an ascending pattern 123.
Trading recommendations:
Buy above 142.35.
Stop loss – 141.15.
Target levels: 143.20; 144.40.
The support level of 254.00 held back sellers. Awesome Oscillator indicator shows a bullish divergence, and Stochastic Oscillator signals oversoldness. Breaking through the resistance level of 258.50 will result in the formation of an upward pattern 123.
Trading recommendations:
Buy above 258.50.
Stop loss – 254.00.
Target levels: 261.78; 270.70.
The US dollar fluctuated in a narrow range slanting back down during the Asian session, to witness its bounce to the seventh session in nine sessions from the top since May 23 against the Japanese yen, following the developments and economic data that it had reported on the Japanese economy …
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