Technical analysis of USD/JPY 06/26/2018

Quotes of USD/JPY currency pair broke the lower border of the ascending channel on the 4H timeframe. The chart was corrected to the broken channel border to the level of 110.00 (MA100) and then resumed the decline.

At this point, one should expect the continuation of the pair fall in the area below 108.00. The cancellation of the fall option will be a strong growth and a breakdown at the level of 111.30, what indicates the continued growth with a target above 112.50.

USDJPY_STPH4

Created by Joshua Hayn

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