USDJPY Technical Analysis 02.05.2017

USDJPY

The pair is trading above the 111.60 level. Its growth may continue amid the further decline in the geopolitical tensions and a rising demand for shares on the Japanese financial market.

The price is higher than the middle Bollinger band, higher than SМА 5 и SMA 14. RSI is moving horizontally. Stoch reside in the overbought zone.

Trading recommendations:
Buy the pair with a probable target of 113.00.