Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 112.14. At this point, we should expect an attempt to test the upper border of the channel near the level of 113.60 and continue the fall of the pair into the area below the level of 109.90.
USD/JPY weekly forecast on on December 4 — 8, 2017
In favor of the fall, the Dollar/Yen will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the USD/JPY decline in the current trading week will be strong growth and the breakdown of the 115.20 area, which will indicate the continued growth of the pair on Forex. To expect the acceleration of the fall is with the breakdown of the level of 109.70.
USD/JPY weekly forecast on on December 4 — 8, 2017 involves an attempt to test the upper border of the channel and the continuation of the fall of quotations below the level of 109.90, an additional signal in favor of the fall of the pair will be a resistance line test on the relative strength index (RSI).
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