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 resistance area near the level of 110.45 and continue the fall of the pair in the area below the level of 108.05.
USD/JPY forecast & technical analysis June 28, 2018
In favor of the fall 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 Dollar/Yen pair will result in a strong growth and breakdown at the level of 110.90, 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 28, 2018 suggests an attempt to test the resistance area near the level of 110.45 and the continuation of the fall of quotations in the area below the level of 108.05, in favor of the fall will break through the support area on the indicator of relative strength index (RSI).
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