Technical analysis of USD/JPY 12/21/2018
Quotes of the USD/JPY currency pair continue to fall. At the moment, we should expect an attempt to grow and test the resistance area near the level of 112.00. From which a rebound is expected and the pair will continue to fall into the 110.00 area.
In favor of the fall of the pair USD/JPY will test the resistance line on the RSI indicator. Cancellation of the option of falling USD/JPY will be a strong growth and the breakdown level of 113.00. This will indicate a breakdown of the resistance area and continued growth of quotes.
Among the important news from Japan, which may have an impact on the course of the pair USD/JPY, it is not expected to be highlighted: Consumer price index.
Created by Joshua Hayn