Technical analysis of USD/JPY 01/09/2019
The USD/JPY dollar-yen currency pair continues to move as part of the correction. At the moment, we should expect an attempt to grow and test the resistance area near the level of 109.50. Further, the continuation of the fall of the USD/JPY pair to the area below the level of 104.50.
In favor of reducing the pair USD/JPY will test the resistance line on the RSI indicator. As well as a rebound from the upper limit of the descending channel. Cancellation of the fall of the pair will be a strong growth and the breakdown level 110.00. This will indicate a breakdown of the upper boundary of the channel and the continuation of the growth of the dollar-yen pair.
Created by Joshua Hayn