USDJPY Technical Analysis 09.11.2016

USDJPY

The pair has fallen over 4% amind the strong possibility of Donald Trump's victory. It will probably decrease further after the final results are announced, but it is unlikely that the fall will continue in the nearest future. The markets will be waiting for the preditent's announcements.

The price is on the lower Bollinger band, lower than SMA5 and SMA 14. RSI is turning upwards  leaving the oversold zone. Stoch are entering the zone.

Trading recommendations: Buy the pair on the fall from 101.15 and increase the positions from 100.00 considering a possible rebound to 102.70.