The resistance level of 126.25 actively holds back buyers. A bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals overboughtness.
Trading recommendations:
Sell below 125.30.
Stop loss under the resistance level 126.25.
Target levels-123.10; 120.00.
Stochastic Oscillator indicator signals overboughtness, while a bearish divergence formed on Awesome Oscillator. The currency pair is trading in the range of 365 and 135 moving averages directed downwards. The upward movement is probably a wave (B) forming an H8 level downward pattern. The formation of the descending wave pattern …
The rise of the US dollar during the Asian session to witness its bounce for the second consecutive session from the lowest since October 10 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected today …
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