Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 105.69. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the 107.10 area and continue the fall of the pair into the region below the level of 102.50.
USD/JPY weekly forecast on March 19 — 23, 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 USD/JPY fall in the current trading week will be a strong growth and breakdown of the area of 108.50, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair on FOREX. Confirmation of the fall will break through the lower boundary of the model «Triangle» and the closure below the level of 104.50.
USD/JPY weekly forecast on March 19 — 23, 2018 suggests an attempt to test the upper border of the channel near area 107.10, where it is worth waiting for the pair to continue falling below 102.50, an additional signal in favor of the fall will be a trend line test on the relative strength index (RSI), the cancellation of dropping the pair will be a breakdown of the level of 108.50, indicating that the pair will continue to grow.
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