Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the limits of growth. At this point, we should expect a test of level 113.30 and continue falling into the area below the level of 111.60. 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 8, 2017
The cancellation of the continuation of the fall of the Dollar/Yen pair will result in a strong growth and breakdown at the level of 113.60, which will indicate the breakdown of the resistance level and the continued growth of the pair USD/JPY on Forex.
USD/JPY forecast & technical analysis on December 8, 2017 involves a test of the 113.30 level and continuation of the fall below 111.65 as part of the start-up of the bearish model of the «Wolfe Wave», an additional signal in favor of the fall of the Dollar/Yen pair will be a resistance test on the relative strength index (RSI), the cancellation of the USD/JPY fall will be the breakdown of the area 113.60.