Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth. At the time of the publication of the forecast, the exchange rate of the US dollar to the Japanese Yen is 111.47. Moving averages indicate the presence of an upward trend in the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 111.05. Further, the continued growth of the pair USD/JPY to the area above the level of 112.35.
USD/JPY Forecast Japanese Yen April 4, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising the USD/JPY pair. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of growth options for the pair Dollar/Yen will be the fall and the breakdown of the level of 110.55. This will indicate a breakdown of the support area and continued growth of the Dollar/Yen pair. With the breakdown of the resistance area and the closure of quotations above the level of 111.85, we should expect confirmation of the development of growth in the pair.
USD/JPY Forecast Japanese Yen April 4, 2019 involves an attempt to test the support area near the level of 111.05. Then the continuation of the fall of quotations to the area below the level of 112.35. In favor of the pair will make a test trend line on the indicator of relative strength index (RSI). Cancellation option lift will fall and the breakdown of 110.55 area. This will indicate a breakdown of the support level and the continuation of the downward movement of the pair with a potential target below the level of 109.25.
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