Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 104.86. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the 105.90 area and continue the fall of the pair into the region below the level of 100.50.
USD/JPY weekly forecast on March 26 — 30, 2018
In favor of the fall of the pair, the Dollar/Yen will perform a resistance line test on the relative strength index (RSI), as well as a test of the upper boundary of the bearish channel. 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 breakdown the lower boundary of the bearish channel and the closure below the level of 102.50.
USD/JPY weekly forecast on March 26 — 30, 2018 suggests an attempt to test the upper border of the channel near the area of 105.90, where it is worth waiting for the pair to continue falling below 100.50, an additional signal in favor of the fall will be a trend line test on the relative strength index (RSI).