USD/JPY Forecast Japanese Yen February 8, 2019


Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.76. At the moment, we should expect an attempt to fall and test the support area near the level of 109.05. Further, the continued growth of the USD/JPY pair to the area above the level of 112.55.

USD/JPY Forecast Japanese Yen February 8, 2019

A test of the rising trend line on the relative strength index (RSI) will be in favor of raising the USD/JPY pair. As well as a rebound from the lower boundary of the rising channel. Cancellation of growth options for the pair Dollar/Yen will be the fall and the breakdown of the level of 108.45. This will indicate a breakdown of the support area and the continuation of the decline of the Dollar/Yen pair. With the breakdown of the resistance area and the closure of quotations above 110.65, we should expect confirmation of the development of growth in the pair.

USD/JPY Forecast Japanese Yen February 8, 2019

USD/JPY Forecast Japanese Yen February 8, 2019 suggests an attempt to test the support area near the level of 109.05. Then, the growth of quotations to the area above the level of 112.55. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of growth options will fall and the breakdown of 108.45. This will indicate a breakdown of the support level and the continuation of the bearish movement of the pair with a potential target below 106.65.


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