Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 109.97. At this point, we should expect an attempt to test the support level near the area of 108.60 and continue the growth of the pair in the area above the level of 113.85.
USD/JPY weekly forecast June 25 — 29, 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 in the current trading week will be the fall and breakdown of the area of 107.80, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the fall of the pair on FOREX in 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 111.30.
USD/JPY weekly forecast June 25 — 29, 2018 suggests a test of the support level near the area of 108.60, from where it is expected to continue the pair’s growth to the area above the level of 113.85, 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 107.80, 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
