Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the 111.97 area. The pair continues to move in growth. Moving averages indicate a lateral trend. At the moment, we should expect an attempt to decrease and test the support level near the 110.55 area. Then rebound and continued growth of the pair to the area above the level of 116.35.
USD/JPY Forecast and Analysis April 15 — 19, 2019
In favor of the rise of a pair of Dollar/Yen will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. The cancellation of the growth option of the USD/JPY pair in the current trading week of April 15 — 19, 2019 will be a fall and a breakdown of the area of 109.05. This option will indicate a breakdown of the lower boundary of the channel and the continuation of the decline of the pair on Forex to the area below the level of 106.95. Confirmation of the development of an upward trend in the pair USD/JPY will be the breakdown of the upper boundary of the downward channel and the closure above 109.55.
Among the important news from Japan that may have an impact on the Japanese Yen rate, it is worth highlighting: Consumer price index.
USD/JPY Forecast and Analysis April 15 — 19, 2019 implies an attempt to test the support level near the 110.55 area. Where can we expect to continue the growth of the pair in the area above the level of 116.35. An additional signal in favor of the rise will be the test of the trend line on the relative strength index (RSI). Cancellation of the growth of the pair will be the fall and the breakdown level of 106.95. This will indicate a continued decline in the pair.
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