Technical analysis of USD/JPY 11/08/2018

Quotes of USD/JPY currency pair continue to move within the correction. At this point one should expect an attempt to test the support area near the level of 113.00 (MA200) and the continued growth of the pair in the area above 114.50.

In favor of the growth of USD/JPY, there will be a trend line test on the RSI indicator. Cancellation of the growth will be the fall and the breakdown of the level of 112.50, what will indicate the breakdown of the support area and the continuation of the fall of the pair.


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