Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction. At this point, we should expect an attempt to test the support area near the level of 107.00 and continue the growth of the pair in the area above the level of 108.20.
USD/JPY forecast & technical analysis April 17, 2018
In favor of the growth of the pair USD/JPY, a support line test will be performed on the relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and breakdown of the level of 106.60, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the Dollar/Yen pair. To expect confirmation of the growth of the pair is with the breakdown of the upper border of the channel and the closing above the level of 108.10.
USD/JPY forecast & technical analysis April 17, 2018 involves trying to test the support level near the 107.00 area and continuing the growth of quotations to an area above the level of 108.20, in favor of growth, a support line test will be performed on the relative strength index (RSI).
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