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 109.44. At the moment, we should expect an attempt to grow and test the resistance area near the level of 109.85. Further, the continuation of the fall of the USD/JPY pair to the area below the level of 107.40.
USD/JPY Forecast Japanese Yen January 23, 2019
In favor of reducing the pair USD/JPY will test the downward trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the channel. Cancellation of the fall of the pair Dollar/Yen will be a strong growth and the breakdown level of 111.25. This will indicate areas of resistance and continued growth of the Dollar/Yen pair. With the breakdown of the area of support and closing of quotations below 108.65, we should expect confirmation of the development of a decline in the pair.
USD/JPY Forecast Japanese Yen January 23, 2019 implies an attempt to test the resistance area near the level of 109.85. Then, the continuation of the fall of quotations to the area below the level of 107.40. 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 111.25. This will indicate the breakdown of the resistance level and the continuation of the upward movement of the pair with a potential target above the level of 112.55.
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