Technical Analysis USD/JPY 29-03-2018

Quotes of the USD/JPY currency pair continue to move within the channel. At the moment the price tested the upper border of the channel at the level of 107. Next, we expect to continue the pair fall in the area of the level of 104.666.
In favor of the pair fall is the upper channel test on the RSI indicator. The abolition of the pair’s decline will be strong growth and breakdown at 107.30, which indicates the breakdown of the upper border of the channel and the continued growth of the pair. We expect confirmation of the pair fall due to the breakdown of area 106 (100 MA).

USDJPY_STPH4

Created by Joshua Hayn

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