Technical analysis of USD/JPY 03/06/2019
Quotes of the USD/JPY currency pair on the H4 time frame continue to grow within the ascending channel. At the moment, we can expect a test of the lower boundary of the channel near the level of 111.00, after which we should expect a rebound and continued growth of the pair to an area above 112.00.
A test of the trend line on the RSI indicator will be in favor of the USD/JPY pair growth. As well as a rebound from the lower boundary of the ascending channel and MA100. Cancellation of the pair growth continuing option will be a strong fall and the breakdown level of 110.00. This will indicate a lower boundary breakdown of the ascending channel and the continuation of the pair decline.
Created by Joshua Hayn