Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the 110.39 area. The pair continues to move in decline. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 111.90. Then rebound and the continuation of the fall of the pair in the area below the level of 108.00.
USD/JPY forecast & analysis December 31 — January 4, 2019
In favor of the fall of the pair Dollar/Yen will test the broken trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the model «Triangle». Cancellation of the option to reduce the pair USD/JPY in the current trading week December 31 — January 4, 2019 will be a strong growth and a breakdown of the area of 112.95. This option will indicate a breakdown of the lower boundary of the «Triangle» model and the continued growth of the FOREX pair in the area above 115.45. Confirmation of the development of the downward trend for the pair USD/JPY will be a breakdown of the support area and closing below 109.65.
USD/JPY forecast & analysis December 31 — January 4, 2019 involves an attempt to test the resistance level near the area of 111.90. Where can we expect to continue the fall of the pair in the area below the level of 108.00. An additional signal in favor of reducing the test trend line on the indicator of relative strength index (RSI). Cancellation of the option to reduce the pair will be a strong growth and the breakdown level of 112.95. This will indicate continued growth of the pair.
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