Technical Analysis USD/JPY 06/13/2018

USD/JPY quotes continue to move within the framework of the upward correction. At this point one should expect an attempt to test the resistance area near the level of 110.50 and then currency pair continues to fall into the area below 109.00.

In favor of USD/JPY fall will be a test of the downward trend line on the RSI indicator. The cancellation of USD/JPY fall will be a strong growth and a breakdown at the level of 111.00, what indicates the quotes continue to rise above 112.00.

USDJPY_STPH1

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