USD/JPY weekly forecast & analysis August 27 — 31, 2018


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

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.


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