The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen after the report that it adopted earlier this week, which touched on the Japanese government's intention to adopt more stimulus to face the negative economic repercussions of the Corona outbreak …
The pair continues to move in the range of 1.0760–1.1015 amid the internal economic problems in the eurozone, as well as the uncertainty created by Brexit and the US-Chinese confrontation.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below …
The currency pair is trading in the range of 365 and 135 moving averages directed upwards. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. A descending truncated pattern has formed.
Trading recommendations:
Buy when an ascending wave pattern is formed.
Stop loss under the price pivot …
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