Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the bullish channel. At this point, we should expect an attempt to test the lower border of the channel and continue the growth of the pair in the area above the level of 115.20.
USD/JPY prediction & technical analysis on November 10, 2017
In favor of the USD/JPY growth, a support line test will be performed on the relative strength indicator (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and a breakdown at the level of 112.80, which will indicate that the pair USD/JPY will continue to decline to Forex. Expect to accelerate growth is with the breakdown of the upper border of the channel and closing above 115.55.
USD/JPY prediction & technical analysis on November 10, 2017 suggests a rebound from the lower border of the bullish channel and the continuation of the Dollar/Yen rise to an area above the level of 115.20, the cancellation of the pair’s growth option will be a breakthrough at level 112.80.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
