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 113.83. At the moment, we should expect an attempt to test the resistance area near the level of 114.15 and the continuation of the fall of the USD/JPY pair to the area above the level of 112.05.
USD/JPY forecast Japanese Yen November 13, 2018
In favor of reducing the pair USD/JPY will test the trend line on the indicator of relative strength index (RSI). As well as the formation of a bearish model «Wolfe Wave». Cancellation of the fall of the pair Dollar/Yen will be a strong growth and the breakdown level of 115.05. This will indicate the breakdown of the resistance area and the continued growth of the Dollar/Yen pair with a target above the level of 115.95. With the breakdown of the support area and closing of quotes below the level of 113.75, it is worth confirming the development of the downward movement in the pair.
USD/JPY forecast Japanese Yen November 13, 2018 involves an attempt to test the resistance area near the level of 114.15. Further, the continuation of the reduction of quotations to the area below the level of 112.05. The test of the trend line on the relative strength indicator will be in favor of the fall of the USD/JPY pair. Cancellation of the fall of the currency pair USD/JPY will be a strong growth and the breakdown of the area of 115.05. This will indicate a breakdown of the resistance area and continued growth of the pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
