Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 107.32. At this point, we should expect an attempt to test the resistance level near the area of 107.50 and continue falling of the pair into the area below the level of 102.50.
USD/JPY weekly forecast April 16 — 20, 2018
In favor of the fall of the pair, the Dollar/Yen will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall of the pair USD/JPY on the current trading week will be strong growth and breakdown of the area of 109.20, which will indicate the breakdown of the resistance level and the continued growth of the pair on Forex. Confirmation of the fall of the pair will be the breakdown of the support area and the closing below the level of 105.50.
USD/JPY weekly forecast April 16 — 20, 2018 suggests a test of the resistance level near the area of 107.50, from where it is expected to continue falling of the pair into the area below the level of 102.50, an additional signal in favor of the fall will be the trend line test on the relative strength index (RSI), the cancellation of the fall of the pair will be a breakdown at level 109.20, which will indicate the continued growth of the pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
