USDJPY technical analysis 03.02.2020

The pair is trading below 108.60, remaining under pressure amid falling demand for risky assets due to the new coronavirus. If this factor remains an influence, the pair will be put under downward pressure.

The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI is below the 50% level and moves horizontally. Stoch turned up.

Trading recommendations:

Sell the pair with a local target of 107.95, if it does not rise above the level of 108.60.