USDJPY Technical analysis 17.01.17 by GrandCapital‏

In view of the growing concern that the outcome of Brexit may prove to be more dramatic that it was believed before, the pair is tightly pressed, as the market players aim to avoid risks. This trend may continue today, if British PM Theresa May confirm these concerns during her speech.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone. Stoch are falling.

Trading recommendations:
If the price falls below 113.20 level, it may lead to its further falling down to 112.80 and then 112.0.00.



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