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 113.68. At the moment, we should expect an attempt to test the support area near the level of 113.20 and the continued growth of the USD/JPY pair to the area above the level of 114.95.
USD/JPY forecast Japanese Yen November 9, 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. And also test the lower boundary of the ascending channel. Cancellation of growth options for the pair Dollar/Yen will be the fall and the breakdown of the level of 112.65. 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 111.50. With the breakdown of the resistance area and the closure of quotes above the level of 113.95, it is worth confirming the development of the upward movement in the pair.
USD/JPY forecast Japanese Yen November 9, 2018 involves an attempt to test the support area near the level of 113.20. Further, the continuation of the growth of quotations in the area above the level of 114.95. 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 USD/JPY currency pair will be falling and the breakdown of the 112.65 area. This will indicate a breakdown of the support area and a continued decline in the pair.
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