Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the bearish channel. At the moment, we should expect an attempt to test the upper border of the channel near the level of 113.80 and continue falling to the area below the level of 111.80. In favor of the USD/JPY decline, a resistance line test will be performed on the relative strength index (RSI).
USD/JPY forecast Japanese Yen on December 22, 2017
The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and a breakdown at level 114.10, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair USD/JPY on FOREX. Expect the acceleration of falling quotations of the pair is with the breakdown of the support level and closing below 111.60.
USD/JPY forecast Japanese Yen on December 22, 2017 assumes a test of the level of 113.80 and continuation of the fall in the area below 111.80, an additional signal in favor of the fall of the Dollar/Yen pair will be a resistance line test on the relative strength index (RSI).
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