Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 113.30 and continue falling to the area below the level of 111.20. 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 27, 2017
The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and a breakdown of 114.00 level, 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 the closing below 111.80.
USD/JPY forecast Japanese Yen on December 27, 2017 suggests a test of 113.30 level and continuation of the fall in the area below the level of 111.20, an additional signal in favor of the fall of the Dollar/Yen pair is the resistance line test on the relative strength index (RSI).
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