Analysis for 2020-06-25
Tether (USDT) USD/JPY Forecast Japanese Yen on April 25, 2024 suggests an attempt to test the support area near the level of 109.35. Then, continued growth of quotations to the area above the level of 111.85. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the area of 108.85. This will indicate a breakdown of the support level and continued development of the downward movement of the pair with a potential target below the level of 107.45.