USD/JPY forecast Japanese Yen on September 11, 2020

Currency USD/JPY is trading at 106.08. 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 middle border of the Bollinger Bands indicator bars.

USD/JPY forecast Japanese Yen on September 11, 2020

As part of the forecast, the Dollar/Yen pair is expected to test the level of 106.20. Where can we expect an attempt to continue the fall of the USD/JPY pair and further develop the downward trend. The purpose of this movement is the area near the level of 105.60. The conservative area for sales of the USD/JPY pair is located near the upper border of the Bollinger Bands indicator strip at 106.40.

USD/JPY forecast Japanese Yen on September 11, 2020

Cancellation of the option to continue the fall of the Dollar/Yen pair will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair above the 107.10 area. This will indicate a change in the current trend in favor of the bullish for USD/JPY. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall.

USD/JPY forecast Japanese Yen on September 11, 2020 suggests a test level of 106.20. Further, it is expected to continue falling to the area below the level of 105.60. The conservative selling area is located area of ​​106.40. The cancellation of the USD/JPY pair fall option will be the breakdown of the level of 107.10. In this case, we should expect continued growth.


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