Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 112.71. The pair continues to move within the bullish channel. At this point, we should expect an attempt to test the support level near the area of 111.75 and continue the growth of the pair in the area above the level of 115.60.
USD/JPY weekly forecast & analysis September 24 — 28, 2018
In favor of the pair’s growth, the Dollar/Yen will issue an uptrend test on the relative strength index (RSI), as well as a rebound from the lower boundary of the bullish channel. Canceling the growth of the pair USD/JPY on the current trading week on September 24 — 28, 2018 will be the fall and breakdown of the area of 110.50, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the pair on Forex to the level below the level of 108.55. Confirmation of the growth of the pair USD/JPY will break through the resistance area and the closing above the level of 113.35.
USD/JPY weekly forecast & analysis September 24 — 28, 2018 suggests a try of a support level test near the area of 111.75, from where it is expected to continue the pair’s decline to below the level of 115.60, an additional signal in favor of growth will test the support line on the indicator of relative strength index (RSI), canceling the growth of the pair will be a drop and a breakdown of the level of 110.50, indicating that the pair will continue to decline.
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