25.07.2016
USDJPY
The pair is consolidating prior to the Fed meeting results announcement, which will take place on 26-27 of July. Most probably, it will continue to do so today.
The price is on the middle Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving horizontally. Stoch turned downwards.
Trading recommendations: We recommend to wait for the Fed's decision on the interest rates. Most probably the pair will continue rising supported by the data positive for the US dollar.
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