Quotes of the pair USD/JPY close the trading week near the area of 114.25. At this point, the pair continues to test the resistance area. It is necessary to expect breakdown of the resistance level and the continuation of the pair’s growth above 118.50.
USD/JPY weekly forecast on November 6 — 10, 2017
In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth of the pair USD/JPY in the current trading week will be the fall and breakdown of the 113.00 area, which will indicate the continued fall of the pair to Forex. Expect to accelerate growth is with the breakdown of the level of 115.00.
Among the important news from Japan, which can have an impact on the rate of the Japanese Yen, it is worth highlighting: Speech by the head of the Bank of Japan.
USD/JPY weekly forecast on November 6 — 10, 2017 suggests an attempt to break the resistance level and continue growth with the target near the level of 118.50, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), 113.00, which will indicate the continuation of the fall of the Dollar/Yen.
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