USD/JPY forecast Japanese Yen on January 2, 2019

Currency USD/JPY is trading at 109.60. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for the pair Dollar/Yen. At the moment, the pair quotes are moving near the lower border of the Bollinger Bands indicator bars.

USD/JPY forecast Japanese Yen on January 2, 2019

As part of the forecast of the pair Dollar/Yen, a test level of 110.40 is expected. Where can we expect an attempt to continue the fall of the pair USD/JPY and further development of the downward trend. The purpose of this movement is the area near the level of 108.50. The conservative area for sales of the USD/JPY pair is located near the upper border of the Bollinger Bands indicator at 111.40.

USD/JPY forecast Japanese Yen on January 2, 2019

Cancellation of the option to continue the fall of the pair Dollar/Yen will be a breakdown of the area of ​​the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above 112.20 area. This will indicate a change in the current trend in favor of bullish for USD/JPY. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.

USD/JPY forecast Japanese Yen on January 2, 2019 suggests a test level of 110.40. Further, the continuation of falling to the area below the level of 108.50 is expected. The conservative sale area is located is near the area of ​​111.40. The cancellation of the fall of the USD/JPY pair will be the breakdown of the level of 112.20. In this case, we can expect continued growth.


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