Technical analysis of USD/JPY 10/03/2018

Quotes of USD/JPY currency pair continue to move within the ascending channel. Now one should expect an attempt to test the upper limit of the channel near the level of 114.60.

In favor of USD/JPY growth there was a test of the support area on the RSI indicator. Cancellation of the growth of USD/JPY pair will be a fall and a breakdown of the level of 113.00, what indicates a breakdown of the lower boundary of the ascending channel and the MA 200.

USDJPY_STPH1

 

Created by Joshua Hayn

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