Quotes of the pair USD/JPY US Dollar to Japanese Yen close the 110.59 trading week. The pair continues to move in decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 111.35. Then rebound and the continuation of the fall of the pair in the area below the level of 105.65.
USD/JPY Forecast and Analysis April 1 — 5, 2019
In favor of the fall of the pair Dollar/Yen will test the descending trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper boundary of the descending channel. Cancellation of the option to reduce the pair USD/JPY in the current trading week of April 1 — 5, 2019 will be a strong growth and a breakdown of the area of 112.45. This option will indicate a breakdown of the upper boundary of the channel and the continued growth of the pair on Forex to the area above the level of 114.65. Confirmation of the downward trend in the pair USD/JPY will be the breakdown of the support area and the closing below 109.55.
USD/JPY Forecast and Analysis April 1 — 5, 2019 involves an attempt to test the resistance level near the area of 111.35. Where can we expect the continuation of the fall of the pair in the area below 105.65. An additional signal in favor of reducing the test trend line on the indicator of relative strength index (RSI). Cancellation of the option to reduce the pair will be a strong growth and the breakdown level of 112.45. This will indicate continued growth of the pair.
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