Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move in the fall. At the moment, expect a resistance level near 112.55 and continue to fall below 110.65. In favor of the USD/JPY decline, a resistance line test will be performed on the relative strength index (RSI).
USD/JPY forecast & technical analysis on December 7, 2017
The cancellation of the continuation of the fall of the pair Dollar/Yen will be strong growth and breakdown at 113.40, which will indicate the breakdown of the resistance level and the continued growth of the pair USD/JPY on Forex. Expect the acceleration of the fall is with the breakdown of the level of 111.85.
USD/JPY forecast & technical analysis on December 7, 2017 assumes a 112.55 level test and continued falling below 110.65, an additional signal in favor of the pair’s decline is the resistance test on the relative strength index (RSI), the cancellation of the USD/JPY fall will be a breakdown area 113.40.