USD/JPY forecast Japanese Yen on November 29, 2018

Currency USD/JPY is trading at 113.90. Quotes of the pair are trading above the moving average with a period of 55. This indicates the presence of a bullish trend for the pair Dollar/Yen. At the moment, the pair quotes are moving near the upper border of the Bollinger Bands indicator bars.

USD/JPY forecast Japanese Yen on November 29, 2018

As part of the forecast of the Dollar/Yen is expected to test the level of 113.50. Where can we expect an attempt to continue the growth of the pair USD/JPY and the further development of the upward trend. The purpose of this movement is the area near the level of 114.60. The conservative area for buying of USD/JPY is located near the lower border of the Bollinger Bands indicator at the level of 112.80.

USD/JPY forecast Japanese Yen on November 29, 2018

Canceling the option of continuing the growth of the Dollar/Yen pair will be a breakdown of the lower border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 112.00 area. This will indicate a change in the current trend in favor of the bearish USD/JPY. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.

USD/JPY forecast Japanese Yen on November 29, 2018 implies a test level of 113.50. Further growth is expected to continue to the area above the level of 114.60. The conservative buying area is located is near the area of ​​112.80. Cancellation of the growth of the pair USD/JPY will make the level of 112.00. In this case, we should expect the continuation of the fall.


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