Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth. At the time of publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 113.89. At the moment, we should expect an attempt to test the support area near the level of 113.70. Then continued growth of the pair USD/JPY to the area above the level of 115.20.
USD/JPY forecast Japanese Yen November 14, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the USD/JPY currency pair growth. As well as a rebound from the lower boundary of the bullish channel. Cancellation of growth options for the pair Dollar/Yen will be the decline and breakdown of the level of 113.15. This will indicate a breakdown of the support area and the continuation of the fall of the Dollar/Yen pair with a target below the level of 111.85. With the breakdown of the resistance area and the closing of quotes above the level of 113.75, it is worth confirming the development of the upward movement in the pair.
Among the important news from Japan, which may have an impact on the course of the pair USD/JPY, it is worth highlighting: Changes in the volume of GDP. A strong decline is expected, which may put pressure on the Japanese yen rate on FOREX.
USD/JPY forecast Japanese Yen November 14, 2018 involves an attempt to test the support area near the level of 113.70. Further, the continued growth of quotations in the area above 115.20. 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 of the currency pair USD/JPY will be falling and the breakdown of the area 113.15. This will indicate a breakdown of the lower boundary of the channel and a continued decline in the pair.
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