Technical Analysis USD/JPY 08/07/2018

Quotes of the USD/JPY currency pair continue to move within the ascending channel. At the moment, we should expect the pair USD/JPY to continue growing above 113.00.
In favor of the growth of the pair USD/JPY is the test of the trend line on the indicator RSI, as well as the test of the support area of the rising channel. The cancellation of the pair’s growth option will result in a drop and breakdown of the level of 110.50, which will indicate the breakdown of the support area and the continuation of the decline.

USDJPY_STPH4

 

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