Quotes of the pair USD/JPY close the trading week near the area of 113.75. At this point, the pair continues to test the resistance area. It is worth waiting for the test to attempt a rebound and fall into the area below the level of 109.50. In favor of the fall of the pair is the resistance line test on the indicator of relative strength index (RSI).
USD/JPY forecast on October 30 — November 3, 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 decline is with the breakdown of the level of 111.50.
Among the important news from Japan, which may have an impact on the rate of the Japanese Yen, it is worth highlighting: The decision on the interest rate of the Bank of Japan, Press Conference of the Bank of Japan.
USD/JPY forecast on October 30 — November 3, 2017 suggests a rebound from the resistance level near 109.50, an additional signal in favor of the drop is the trendline test on the relative strength indicator (RSI), the cancellation of the decline option may come in the form of a breakdown at level 115.00, which will indicate the continued growth of the pair Dollar/Yen.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
