Technical analysis of USD/JPY 02/06/2019
The USD/JPY currency pair continues its uptrend. We should expect the USD/JPY pair to fall below 106.80, after an attempt to test the resistance area near the 110.00 level.
In favor of reducing the pair USD/JPY stands the test of the downward trend line on the RSI indicator. As well as a rebound from the upper boundary of the descending channel. Cancellation of the fall option will be a strong growth and the breakdown of the level of 110.50. This will indicate a breakdown of the resistance area and the continuation of the growth of the Dollar Yen pair.
Created by Joshua Hayn