Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move in the fall. At the moment, we should expect an attempt to rebound and the growth of the pair’s quotations of the Dollar/Yen is above 114.20.
USD/JPY prediction & technical analysis on November 21, 2017
Further, the continuation of the fall below the level of 109.50 within the beginning of the development of the reversal model «Head and shoulders». In favor of the growth of USD/JPY is the test of the support area on the indicator of relative strength index (RSI). The cancellation of the variant of the pair’s growth of the Dollar/Yen will be a drop and breakdown at the level of 111.30, which will indicate that the pair USD/JPY will continue to decline to Forex.
USD/JPY prediction & technical analysis on November 21, 2017 suggests an attempt to increase the pair to an area above the level of 114.20 as part of the completion of the head and shoulders reversal pattern; in favor of growth, a test of the support area on the indicator of relative strength index (RSI) will perform, falling below the level of 111.30.
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