Technical Analysis USD/JPY 02-15-18

Quotes of the USD/JPY Yen Dollar currency pair on the 1H time frame continue to move within the downlink. At the moment, we can expect an attempt to test the upper boundary of the channel, near the level of 107.50, where MA 100 also touch. After that, it is likely that the fall of the pair will continue into the area below level 106.

In favor of reducing the pair USD/JPY will test the resistance line on the indicator RSI. The cancellation of the variant of the fall of the pair will be a strong growth and breakdown of the level of 108, which will indicate the output of quotes beyond the descending channel.


Created by Joshua Hayn

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