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 to test the upper border of the channel near 112.65 and continue falling to the area below the level of 110.50.
USD/JPY prediction & technical analysis on December 1, 2017
In favor of the fall of USD/JPY, a resistance area test will be performed on the relative strength index (RSI). The cancellation of the continuation of the fall of the Dollar/Yen pair will result in a strong growth and breakdown at the level of 112.90, which will indicate the outflow of quotations outside the channel 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 prediction & technical analysis on December 1, 2017 suggests an attempt to test the upper border of the channel and continue falling to the area below 110.50, an additional signal in favor of the decline of the Dollar/Yen pair is the formation of the bearish model «5-0», the cancellation of the USD/JPY will be the breakdown of area 112.90.
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