Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 113.25. At this point, we should expect a test of level 113.60 and continuation of the fall of the pair into the area below the level of 109.90. In favor of the fall, the Dollar/Yen will test the resistance line on the indicator of relative strength index (RSI).
USD/JPY weekly forecast on on December 11 — 15, 2017
The cancellation of the USD/JPY decline in the current trading week will be strong growth and 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 112.40.
USD/JPY weekly forecast on on December 11 — 15, 2017 suggests an attempt to drop quotes below the level of 109.90 within the framework of the formation of the bullish model of «Wolfe Wave», an additional signal in favor of the fall of the pair will be a test of the resistance line on the indicator of relative strength index (RSI), breakdown at the level of 115.20, which indicates the continued growth.
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