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 113.18. At the moment, we should expect an attempt to test the support area near the level of 112.50 and the continued growth of the USD/JPY pair to the area above the level of 114.40.
USD/JPY forecast Japanese Yen November 1, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the growth of the USD/JPY pair. Cancellation of the growth option for the pair Dollar/Yen will be a fall and a breakdown of the level of 112.00, which will indicate that the support area is broken down and the fall of the pair of the Dollar/Yen pair with a target below 110.50. With the breakdown of the resistance area and the closure of quotes above the level of 113.60, it is worth confirming the development of the upward movement in the pair.
USD/JPY forecast Japanese Yen November 1, 2018 suggests an attempt to test the support area near the level of 112.50 and continued growth of quotations to the area above the level of 114.40, in favor of the growth of the USD/JPY pair will be a trend line test on the relative strength index (RSI), canceling the growth option the currency pair will fall and the breakdown of the area 112.00, which will indicate the breakdown of the support area and the continued decline of the pair.
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