Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction. At this point, we should expect an attempt to test the resistance area near the level of 110.25 and continue the fall of the pair into the area below the level of 108.65.
USD/JPY forecast & technical analysis June 27, 2018
In favor of the fall of the pair USD/JPY, a resistance area test will be performed on the 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 closing below the level of 109.50, one should expect confirmation of the development of the decline in the pair.
USD/JPY forecast & technical analysis June 27, 2018 suggests an attempt to test the resistance area near the level of 110.25 and the continuation of falling quotations in the area below the level of 108.65, in favor of the fall will break through the support area on the indicator of relative strength index (RSI).
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