Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 113.47. At the moment, the pair continues to test the resistance area, which indicates a potential rebound and a decline in quotes. It is worth to wait for the test of the resistance level near 114.25 and the continuation of the fall of the pair below the level of 110.00.
USD/JPY weekly forecast on November 13 — 17, 2017
In favor of the decline, the Dollar/Yen will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall of the pair USD/JPY on the current trading week will be a strong growth and breakdown of the 115.00 area, which will indicate the continued growth of the pair on Forex. Expect to accelerate the fall is with the breakdown of the level of 113.10.
USD/JPY weekly forecast on November 13 — 17, 2017 involves an attempt to test the resistance level and the continuation of the drop in quotations below the level of 110.00, an additional signal in favor of the drop will be the resistance line test on the relative strength indicator (RSI), the dropping of the fall version will be a breakdown at level 115.00, which will indicate the continued growth of the Dollar/Yen pair.