USD/JPY Forecast and Analysis February 11 — 15, 2019


Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of ​​109.80. The pair continues to move within the bullish correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​110.35. Then rebound and the continuation of the fall of the pair in the area below the level of 105.55.

USD/JPY Forecast and Analysis February 11 — 15, 2019

In favor of the fall of the pair Dollar/Yen will test the bearish trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the bearish channel. Cancellation of the option to reduce the pair USD/JPY in the current trading week of February 11 — 15, 2019 will be a strong growth and a breakdown of the area of ​​111.05. This option will indicate a breakdown of the upper boundary of the channel and the continued growth of the pair on FOREX to the area above the level of 113.35. Confirmation of the downward trend in the pair USD/JPY will be the breakdown of the support area and the close below 108.05.

USD/JPY Forecast and Analysis February 11 — 15, 2019

Among the important news from Japan that may have an impact on the course of the Japanese Yen, it is worth highlighting: Changes in GDP.

USD/JPY Forecast and Analysis February 11 — 15, 2019 involves an attempt to test the resistance level near the area of ​​110.35. Where can we expect to continue the fall of the pair in the area below the level of 105.55. 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 111.05. This will indicate continued growth of the pair.


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