Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 107.04. 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 9 — 13, 2018
In favor of the fall of the pair, the Yen Dollar 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 region of 108.80, which will indicate the breakdown of the resistance level and the continued growth of the pair on Forex. Confirmation of the fall will break through the support area and the closure below the level of 105.50.
USD/JPY weekly forecast April 9 — 13, 2018 suggests an attempt to test the upper border of the channel 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 a trend line test on the indicator of relative strength index (RSI), the cancellation of the variant of the fall of the pair will be a breakthrough level of 108.80, indicating that the pair continues to grow.