Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of the bullish correction. At this point, we should expect an attempt at a resistance level near 112.65 and continue falling into the area below the level of 110.50. In favor of the fall of USD/JPY is the formation of the reversal model «Failure Swing» on the indicator of relative strength index (RSI).
USD/JPY forecast & technical analysis on December 5, 2017
The cancellation of the continuation of the fall of the pair Dollar Yen will be strong growth and breakdown at 113.40, which will indicate the breakdown of the resistance level and the continued growth of the pair USD/JPY on FOREX. Expect to accelerate the fall is with the breakdown of the level of 111.65.
USD/JPY forecast & technical analysis on December 5, 2017 suggests an attempt to test the resistance level and continue falling to the area below 111.05, an additional signal in favor of the decline of the Dollar/Yen pair is the formation of a reversal pattern on the relative strength indicator (RSI), the USD/JPY breakdown of the area 113.40.
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