Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of the formation of the «Wedge» model. At the moment, we should expect to try the test level 113.75 and continue the growth of the pair in the area above the level of 115.20.
USD/JPY prediction & technical analysis on November 9, 2017
In favor of reducing the growth of the pair will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Yen Dollar pair will result in a drop and breakdown at 112.95, which will indicate that the USD/JPY pair will continue to decline in Forex. Expect the acceleration of growth is with the breakdown of the level of 114.75.
USD/JPY prediction & technical analysis on November 9, 2017 suggests an attempt to test the lower limit of the «Wedge» model near the level of 113.75, from which it is expected to continue the growth of the Dollar/Yen to an area above the level of 115.20, the cancellation of the Dollar/Yen growth variant will be a breakdown of the Yen Dollar level 112.95.
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