Pair of US Dollar/Japanese Yen under pressure

To reduce the time of writing of this article, a couple of US Dollar/Japanese Yen traded to 116,55 and kept the slope, while below the descending moving average over the 50 periods, the 117,28. Negative trading week confirmed Intraday index RSI, the you in the area of sales, between 50 and 30.

It is expected a decline in the pair up to a horizontal support 116,20, and then – on the level of 116,00,its breakdown, the couple opens the way to 115,65.

Recovery of the above strong horizontal resistance 117,00 breaks the negative prospects for couples, нацелив on 117,25, and then – to the horizontal resistance 117,50.

Information kindly provided Forex4you.org made

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