Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 105.46. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the 107.80 area and continue the fall of the pair into the area below the level of 100.10.
USD/JPY weekly forecast on March 5 — 9, 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 a strong growth and breakdown of the area of 109.50, which indicates the breakdown of the upper border of the channel and the continued growth of the pair on Forex.
USD/JPY weekly forecast on March 5 — 9, 2018 suggests an attempt to test the upper border of the channel near the area of 107.80, where it is worth waiting for the pair to continue falling below 100.10, an additional signal in favor of the fall will be a trend line test on the relative index (RSI), the cancellation of the fall of the pair will be a breakthrough level of 109.50, indicating that the pair continues to grow.
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