Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the bullish channel. At the time of publication of the forecast, the US Dollar rate against the Japanese Yen is 112.61. At this point, we should expect an attempt to test the bottom of the uplink near the level of 112.45 and continue the growth of the pair USD/JPY in the area above the level of 113.35.
USD/JPY forecast Japanese Yen September 25, 2018
In favor of the growth of the pair USD/JPY, a trend line test will be performed on the indicator of relative strength. The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and breakdown at level 112.10, which will indicate the breakdown of the lower boundary of the rising channel and the continued decline of the Dollar/Yen pair with a target below the level of 111.65. With the breakdown of the resistance area and the closing of quotations above the level of 112.95, there is confirmation of the development of growth by pair.
USD/JPY forecast Japanese Yen September 25, 2018 suggests an attempt to test the support area near the 112.45 level and continue the growth of quotations to an area above the level of 113.35, in favor of the pair’s growth, the trend line test on the indicator of relative strength index (RSI) will come out.
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