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 a test of the region of the upper boundary of the descending channel near the level of 110.50 and the continuation of the fall of the pair into the region below the level of 107.80.
USD/JPY forecast & technical analysis June 21, 2018
In favor of the fall of the pair USD/JPY will perform a downward trend test on the indicator of relative strength index (RSI). The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and 110.80 level breakdown, which will indicate the continued growth of the Dollar/Yen pair with a target above the level of 112.50. With the breakdown of the support area and the closure below the level of 109.00, we should expect a confirmation of the decline in the pair.
USD/JPY forecast & technical analysis June 21, 2018 suggests an attempt to test the resistance area near the level of 110.50 and the continuation of the fall of quotations in the area below the level of 107.80, in favor of the fall will perform a trend line test on the indicator of relative strength index (RSI).
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