Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the limits of the decline. At this point, we should expect an attempt to test the upper border of the channel near the level of 108.90 and continue falling to the area below the level of 107.60.
USD/JPY forecast & technical analysis January 30, 2018
In favor of the growth of the pair USD/JPY will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall variant of the Yen Dollar pair will result in a strong growth and a breakdown of the level of 109.65, which will indicate the outflow of quotations outside the channel and the continued growth of the pair USD/JPY on FOREX.
USD/JPY forecast & technical analysis January 30, 2018 involves an attempt to test the upper boundary of the descending channel near the area of 108.90 and continue falling to the area below the level of 107.60, in favor of the fall, a trend line test will be performed on the relative strength index (RSI).
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