Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 111.70. At the moment, we should expect an attempt to grow and test the resistance area near the level of 112.25. Further, the continued growth of the pair USD/JPY to the area above the level of 109.95.
USD/JPY forecast Japanese Yen December 21, 2018
The test of the resistance line on the relative strength index (RSI) will be in favor of the growth of the USD/JPY pair. Cancellation of the fall of the pair Dollar/Yen will be a strong growth and the breakdown level of 112.85. This will indicate a breakdown of the resistance area and the continuation of the growth of the Dollar/Yen pair. With the breakdown of the support area and the closing of quotations below 111.25, it is worth confirming the development of a decline in the pair.
Among the important news from Japan, which may have an impact on the course of the pair USD/JPY, it is not expected to be highlighted: Consumer price index.
USD/JPY forecast Japanese Yen December 21, 2018 involves an attempt to test the resistance area near the level of 112.25. Then the continuation of the fall of quotations to the area below the level of 109.95. In favor of the fall of the pair will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 112.85. This will indicate the breakdown of the resistance level and the continuation of the upward movement of the pair.
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