Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the ascending channel. At this point, we should expect a test of level 114.30, where we can expect the continuation of the fall below the level of 111.10 as part of the development of the «Head and Shoulders» reversal model. In favor of the USD/JPY growth from the current levels is the support line test on the relative strength indicator (RSI).
USD/JPY prediction & technical analysis on November 14, 2017
The cancellation of the fall variant of the Yen Dollar pair will result in a strong growth and a breakdown of the level of 114.95, which will indicate the continued growth of the pair USD/JPY on Forex. Expect to accelerate the fall is with the breakdown of level 112.90.
USD/JPY prediction & technical analysis on November 14, 2017 suggests an attempt to increase to an area above 114.30, from where it is expected to continue the decline as part of the completion of the «Head and Shoulders» reversal pattern, the cancellation of the fall will be a strong increase above the level of 114.95.
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