Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the limits of growth. At this point, we should expect an attempt to test the support area near the level of 107.70 and continue the growth of the pair in the area above the level of 109.50.
USD/JPY forecast & technical analysis April 24, 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 a breakdown of the level of 107.00, which will indicate the breakdown of the lower border of the channel and the continued decline of the Dollar/Yen pair with a target below the level of 106.50. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing above the level of 108.75.
USD/JPY forecast & technical analysis April 24, 2018 suggests a test of the support level near the 107.70 area and the continuation of the growth of quotations to the area above the level of 109.50, in favor of the pair’s growth, the trendline test will be performed on the relative strength index (RSI).
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