Technical analysis of USD/JPY 06/06/2018

Quotes of USD/JPY currency pair continue to move within the framework of the ascending movement. At this point one should expect an attempt to test the resistance area at 111.00 with a rebound at 108.00, what will indicate a reversal trend.

In favor of reducing USD/JPY from the level of 111.00 will be a resistance line test on the RSI indicator. Cancellation of the fall of the pair will be a strong growth and a breakdown at 111.40, what will indicate the continued growth of USD/JPY.

USDJPY_STPH4

Created by Joshua Hayn

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