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 support area near the level of 109.50 and continue the growth of the pair in the area above the level of 111.25.
USD/JPY forecast & technical analysis June 20, 2018
In favor of the growth of the pair USD/JPY, an uptrend test on the relative strength index (RSI) will perform, as well as a test of the lower boundary of the uplink. The cancellation of the growth variant of the Dollar/Yen pair will be a fall and a breakdown of 109.00 level, which will indicate the continuation of the fall of the Dollar/Yen pair with a target below the level of 108.50. With the breakdown of the resistance area and the closing above the level of 110.20, one should expect confirmation of the development of the bullish trend in the pair.
USD/JPY forecast & technical analysis June 20, 2018 suggests an attempt of testing the support area near the level of 109.50 and the continuation of the growth of quotations in the area above the level of 111.25, in favor of growth the trend line test will perform on the indicator of relative strength index (RSI), the dropping of the growth variant will be a fall and breakdown area 109.00, which indicates the continued decline in the pair.
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