Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the bearish channel. At the moment, we should expect an attempt to test the upper border of the channel near the 107.70 area and continue the fall of the pair into the area below the level of 104.20. In favor of reducing the pair USD/JPY will test the resistance line on the indicator of relative strength index (RSI).
USD/JPY forecast & technical analysis February 20, 2018
The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and a breakdown of the level of 108.65, which will indicate the quotations for the bearish channel and the continuation of growth. To expect confirmation of the fall of the pair is with the breakdown of the support area and closing below 105.40.
USD/JPY forecast & technical analysis February 20, 2018 suggests an attempt to test the upper border of the channel near the 107.70 area and continue falling of the quotations to the area below the level of 104.20, in favor of the drop, the trend line area test will be performed on the indicator of relative strength index (RSI).
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