USD/JPY Forecast and Analysis February 25 — March 1, 2019


Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the 110.87 area. The pair continues to move within the bullish correction. 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 ​​112.25. Then rebound and the continuation of the fall of the pair in the area below the level of 108.55.

USD/JPY Forecast and Analysis February 25 — March 1, 2019

In favor of the fall of the pair Dollar/Yen will test the resistance area on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the bearish channel. Cancellation of the option of reducing the pair USD/JPY in the current trading week of February 25 — March 1, 2019 will be a strong growth and a breakdown of the area of ​​112.65. This option will indicate a breakdown of the upper boundary of the channel and the continued growth of the pair at FOREX to the area above the level of 113.65.

USD/JPY Forecast and Analysis February 25 — March 1, 2019

Confirmation of the development of the downward trend for the pair USD/JPY will be a breakdown of the support area and a close below 109.05.

USD/JPY Forecast and Analysis February 25 — March 1, 2019 involves an attempt to test the resistance level near the area of ​​112.25. Where can we expect to continue the fall of the pair in the area below the level of 108.55. 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 112.65. This will indicate continued growth of the pair.


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