Technical analysis of USD/JPY 02/14/2019
Quotes of the USD/JPY currency pair on the H4 time frame continue upward movement. At the moment, we can expect a test of the resistance area near the level of 110.40, after which we should expect a correction and a decrease in quotations to the level of 110.00.
In favor of reducing the pair USD/JPY will break the trend line on the RSI indicator. As well as a rebound from the upper boundary of the rising channel. Cancellation of the fall option will be a strong growth and the breakdown level of 111.50. This will indicate a breakdown of the resistance area and the continuation of the growth of the Dollar Yen pair.
Created by Joshua Hayn