Currency USD/JPY is trading at 112.71. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for Dollar/Yen. At the moment, the pair quotes are moving near the lower border of the Bollinger Bands indicator bands.
As part of the forecast of the Dollar/Yen is expected to test the level of 113.00. Where should we expect an attempt to continue the fall of the USD/JPY pair and further development of the downward trend. The purpose of this movement is the area near the level of 112.10. The conservative area for sales of USD/JPY is located near the upper border of the Bollinger Bands indicator at 114.00.
USD/JPY forecast Japanese Yen on November 20, 2018
Cancellation of the option to continue the fall of the pair Dollar/Yen will be the breakdown of the area of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotations of the pair above the 114.20 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 November 20, 2018 assumes a test level of 113.00. Further, it is expected to continue falling to the area below the level of 112.10. The conservative selling zone is located near the area 114.00 . The cancellation of the fall of the pair USD/JPY will be the breakdown of the level of 114.20. In this case, we can expect continued growth.
