Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 109.26. At this point we should expect an attempt to test the support level near the area of 108.10 and continue the growth of the pair in the area above the level of 111.10.
USD/JPY weekly forecast June 11 — 15, 2018
In favor of the pair’s growth, the Dollar/Yen will perform a test of the support area on the relative strength index (RSI), as well as the formation of the bullish «Wolfe Wave» model. The cancellation of the growth of the pair USD/JPY on the current trading week will be the fall and breakdown of the 107.00 area, 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 area below the level of 105.50. Confirmation of the bullish trend in the pair will be the breakdown of the upper boundary of the bearish channel and the closing above the level of 111.50.
USD/JPY weekly forecast June 11 — 15, 2018 assumes a test of the support level near the 108.10 area, from which it is expected to continue the pair’s growth to the area above the level of 111.10, an additional signal in favor of growth will be a test of the support area on the relative strength indicator, canceling the growth of the pair will be a drop and a breakdown of the level of 107.00, which will indicate the continuation of the fall 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
