Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 108.52. The pair continues to move in decline. Moving averages indicate an uptrend. At the moment, we can expect an attempt to grow and test the resistance level near the area of 109.90. Then rebound and the continuation of the fall of the pair in the area below the level 103.75.
USD/JPY weekly forecast & analysis January 7 — 11, 2019
In favor of the fall of the pair Dollar/Yen will test the downward trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper limit of the bearish channel. Cancellation of the option to reduce the pair USD/JPY in the current trading week of January 7 — 11, 2019 will be a strong growth and a breakdown of the area of 111.65. This option will indicate a breakdown of the upper boundary of the channel and the continued growth of the pair at Forex in the area above the level of 114.45. Confirmation of the development of the downward trend for the pair USD/JPY will be a breakdown of the support area and closing below 106.85.
USD/JPY weekly forecast & analysis January 7 — 11, 2019 suggests an attempt to test the resistance level near 109.90. Where can we expect to continue the fall of the pair in the area below the level of 103.75. An additional signal in favor of reducing the test trend line on the indicator of relative strength index (RSI). Cancellation of the option to reduce the pair will be a strong growth and the breakdown level of 111.65. This will indicate continued growth of the pair.
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