USD/JPY Forecast and Analysis June 24 — 28, 2019


Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the 107.43 area. The pair continues to move within the fall and the descending channel. Moving averages indicate a bearish trend. Here, also, the quotes failed to test even the area of ​​moving averages, which indicates aggressive sales of investors. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​108.25. Then rebound and the continuation of the fall of the pair in the area below 104.45.

USD/JPY Forecast and Analysis June 24 — 28, 2019

In favor of the growth of the Dollar/Yen pair will test the downward trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the fall of the pair USD/JPY in the current trading week June 24 — 28, 2019 will be a strong growth and the breakdown of the area of ​​109.95. 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 112.55. Confirmation of a fall in the pair USD/JPY will be the breakdown of the support area and the close below 106.35.

USD/JPY Forecast and Analysis June 24 — 28, 2019

Among the important news from Japan that may have an impact on the Japanese Yen rate, it is not expected to highlight: Japan Retail Sales m/m.

USD/JPY Forecast and Analysis June 24 — 28, 2019 suggests an attempt to test the resistance level near the area of ​​108.25. Where can we expect to continue the fall of the pair in the area below 104.45. An additional signal in favor of reducing will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall of the pair will be a strong growth and the breakdown level of 109.95. This will indicate a continued rise of the pair with a potential target above the 112.55 area.


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