USD/JPY weekly forecast on February 12 — 16, 2018

12 February 2018, 09:47
Jatin Patel
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Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of ​​108.60. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of ​​109.00 and continue the fall of the pair into the area below the level of 106.00.

USD/JPY weekly forecast on February 12 — 16, 2018

In favor of the fall of the pair, the Dollar/Yen will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall of the pair USD/JPY in the current trading week will be strong growth and breakdown of the area of ​​109.70, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair on FOREX.

USD/JPY weekly forecast on February 12 — 16, 2018 suggests an attempt to test the upper border of the channel near the area of ​​109.00, from where it is expected to continue the fall of the pair to the area below the level of 106.00, an additional signal in favor of the fall will test the trend line on the indicator of relative strength index (RSI), the abolition of the fall of the pair will be a breakdown at 109.70, indicating that the pair will continue to grow.


SIGNAL : SELL

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