USD/JPY Forecast and Analysis January 28 — February 1, 2019


Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the 109.79 area. The pair continues to move within the upward 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 105.90.

USD/JPY Forecast and Analysis January 28 — February 1, 2019

In favor of the fall of the pair Dollar/Yen will test the downward trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper limit of the descending channel. Cancellation of the option to reduce the pair USD/JPY in the current trading week of January 28 — February 1, 2019 will be a strong growth and a breakdown of the area 111.15. This option will indicate a breakdown of the upper boundary of the channel and the continued growth of the pair at Forex in the area above the level of 114.45. Confirmation of the development of the downward trend for the pair USD/JPY will be a breakdown of the support area and closing below 108.45.

USD/JPY Forecast and Analysis January 28 — February 1, 2019

USD/JPY Forecast and Analysis January 28 — February 1, 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 105.90. 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 111.15. This will indicate continued growth of the pair.


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