Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 111.39. The pair continues to move within the correction. At this point we should expect an attempt to test the support level near the area of 110.60 and continue the growth of the pair in the area above the level of 117.20.
USD/JPY weekly forecast & analysis August 27 — 31, 2018
In favor of the pair’s growth, the Dollar/Yen will test the uptrend line on the relative strength index (RSI). The cancellation of the growth of the pair USD/JPY on the current trading week on August 27 — 31, 2018 will be the fall and breakdown of the area of 109.20, which will indicate the breakdown of the support area and the continuation of the fall of the pair on Forex in the area below the level of 106.55. A confirmation of the development of growth for the pair USD/JPY will be the breakdown of the upper boundary of the descending channel and the closing above the level of 112.50.
USD/JPY weekly forecast & analysis August 27 — 31, 2018 suggests a test of the support level near the 110.60 area, where we can expect the pair to continue falling below 117.20, an additional signal in favor of growth will be a test of the support line on the relative strength index (RSI), canceling the growth of the pair will be a drop and a breakdown at 109.20, indicating that the pair will continue to decline.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
