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Fundamental analysis: On going calls between US and China but still no news, Hong Kong not in a great position with protests, I'm seeing still global uncertainty that mean will bring JPY long overall.
Technical analysis : On the weekly chart we can see the pair tested few times 109.500 handle which is 61.8% of fib retracement, we could see a down move pretty soon.
RSI: shows a little bit of divergence and is below 50 level
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Fundamental analysis: On going calls between US and China but still no news, Hong Kong not in a great position with protests, I'm seeing still global uncertainty that mean will bring JPY long overall.
Technical analysis : On the weekly chart we can see the pair tested few times 109.500 handle which is 61.8% of fib retracement, we could see a down move pretty soon.
RSI: shows a little bit of divergence and is below 50 level
Feel free to visit our website: www.fxtradingservices.com
Instagram: fxtradingservices