Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the 110.52 area. The pair continues to move within the bullish correction. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 111.65. Then rebound and the continuation of the fall of the pair in the area below the level of 106.05.
USD/JPY Forecast and Analysis March 25 — 29, 2019
In favor of the fall of the pair Dollar/Yen will test the broken 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 March 25 — 29, 2019 will be a strong growth and a breakdown of the 112.75 area. This option will indicate the 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 lower boundary of the ascending channel and the closure below 110.05.
Among the important news from Japan that may have an impact on the Japanese Yen rate, it is worth highlighting: Retail sales in Japan.
USD/JPY Forecast and Analysis March 25 — 29, 2019 implies an attempt to test the resistance level near the area of 111.65. Where can we expect to continue the fall of the pair in the area below the level of 106.05. 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 112.75. This will indicate continued growth of the pair.
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