USD/JPY weekly forecast on January 14 — 18, 2019

Currency USD/JPY is trading at 108.29. 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 weekly forecast on January 14 — 18, 2019

As part of the forecast, the pair Dollar/Yen is expected to test the level of 109.80. Where should 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 104.80. The conservative area for sales of the USD/JPY pair is located near the upper border of the Bollinger Bands indicator at the level of 114.10.

USD/JPY weekly forecast on January 14 — 18, 2019

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 115.00 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 weekly forecast on January 14 — 18, 2019 suggests a test level of 109.80. Further, the fall is expected to continue to the area below 104.80. The conservative sale area is located is near the area of ​​114.10. The cancellation of the fall of the pair USD/JPY will be the breakdown level of 115.00. In this case, we can expect continued growth.


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