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 106.90 and continue the growth of the pair in the area above the level of 107.80.
USD/JPY forecast & technical analysis April 18, 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 106.50, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the Dollar/Yen pair with a target below 105.50. 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 18, 2018 suggests an attempt to test the support level near the area of 106.90 and the continuation of the growth of quotations to the area above the level of 107.80, in favor of growth will perform a test of the support line on the indicator of relative strength, area 106.50.
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