Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 112.42. At this point, we should expect an attempt to test the resistance level near 114.00 and continue falling below the level of 110.00. In favor of growth, the Dollar/Yen will test the support line on the indicator of relative strength index (RSI).
USD/JPY weekly forecast on November 20 — 24, 2017
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 20 — 24, 2017 involves an attempt to test the resistance level and continue falling of quotations below the level of 110.00 as part of the start of the development of the «Head and Shoulders» reversal model, an additional signal in favor of the drop will be the resistance line test on the relative strength index (RSI), the cancellation of the fall version will break through the level of 115.00.
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