USD/JPY weekly forecast on December 16 — 20, 2019

Currency USD/JPY is trading at 109.64. 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 quotes of the pair are moving near the upper border of the Bollinger Bands indicator stripes.

USD/JPY weekly forecast on December 16 — 20, 2019

As part of the forecast, the pair Dollar/Yen is expected to test the level of 108.90. Where should we expect an attempt to continue the growth of the USD/JPY pair and the further development of the upward trend. The purpose of this movement is the area near the level of 111.30. The conservative buying area for the USD/JPY pair is located near the lower border of the Bollinger Bands indicator strip at 108.20.

USD/JPY weekly forecast on December 16 — 20, 2019

Cancellation of the option to continue the growth of the Dollar/Yen pair will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of ​​107.60. This will indicate a change in the current trend in favor of the bearish for USD/JPY. In case of breakdown of the upper border of the Bollinger Bands indicator bands, growth should be expected.

USD/JPY weekly forecast on December 16 — 20, 2019 implies a test level of 108.90. Further growth is expected to continue to the area above the level of 111.30. The conservative buying area is located is near the area of ​​108.20. The cancellation of the growth of the pair USD/JPY will be the breakdown of the level of 107.60. In this case, we should expect the continuation of the fall.


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