Technical Analysis USD/JPY 02-28-18
Quotes of the USD/JPY pair continue to move within the downward channel. After the recent test of resistance MA100 at 107.66, we expect to continue the decline in the area below the level of 105.50.
The cancellation of the fall of the USD/JPY Yen pair will result in a strong growth and a breakdown of the level of 108.50, which will indicate the breakdown of the resistance area and the continuation of growth. In the event of a breakdown of the lower boundary of the Triangle model and closing below 106.30, we expect the pair to fall.
Created by Joshua Hayn