The USDJPY continues to move within the horizontal canal was started in early November last year. Currently, the price of it pierced the ground and is located at the level of 80.62 but it is a great value to determine the breakdown of the channel.
Technical analysis shows that even still valid sell signal, but given the level of 37.60 indicates RSI can say that an approaching change of mass and that the price level moves on the sale thereof.
For the following sessions, we expect a rebound of the quote would first resistance level of 83.48 and 84.35 as the second. To pass these numbers can be set as the third resistance value 85.35.
Since the beginning of April there is a large operating volume for the pair while the last session can observe a high peak in the east.
For this week no major announcements are expected Japanese economic data to achieve substantially alter the quote.
