Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading area near the 111.80 area. The pair continues to move within the upward correction. Moving averages indicate a downward 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 107.05.
USD/JPY Forecast and Analysis March 4 — 8, 2019
In favor of the fall of the pair Dollar/Yen will test the area of resistance 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 4 — 8, 2019 will be a strong growth and a breakdown of the area of 112.85. 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 lower boundary of the ascending channel and the closure below 110.05.
USD/JPY Forecast and Analysis March 4 — 8, 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 107.05. 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 of 112.85. This will indicate continued growth of the pair.
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