USD / JPY forecast Dollar Yen January 13, 2021



Currency pair quotes Dollar Yen USD / JPY continue to move within the framework of the growth and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.17. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for January 13, 2021, we should expect an attempt to develop a fall and a test of the support area near the level of 103.65. Further, a rebound and continued growth of the USD / JPY pair to the area above the level of 105.55.

USD / JPY forecast Dollar Yen January 13, 2021

An additional signal in favor of raising the USD / JPY currency pair will be a test of the support line on the relative strength index (RSI). The second signal will be the completion of the formation of the “Double Bottom” reversal pattern. Cancellation of the growth option for the Dollar / Yen currency pair will be a fall and a breakdown of the level of 102.35. This will indicate a breakdown of the support area and the continuation of the fall of the Dollar / Yen pair. In this case, we should expect the pair to continue to decline to the area below the level of 100.25. With the breakdown of the resistance area and closing of quotations above the level of 104.65, we should expect confirmation of the development of an upward movement in the pair and the start of the “Double Bottom” pattern.

Important news from Japan, which may have an impact on the USD / JPY pair, is not expected, so the pair will continue to move as part of technical analysis.

Therefore, USD / JPY Dollar Yen Forecast January 13, 2021 suggests an attempt to test the support area near the level of 103.65. Then, the continued growth of quotations to the area above the level of 105.55. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the 102.35 area. This will indicate a breakdown of the support level and continued fall in the pair with a potential target below 100.25.

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Currency pair quotes Dollar Yen USD / JPY continue to move within the framework of the growth and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.17. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for January 13, 2021, we should expect an attempt to develop a fall and a test of the support area near the level of 103.65. Further, a rebound and continued growth of the USD / JPY pair to the area above the level of 105.55.

USD / JPY forecast Dollar Yen January 13, 2021

An additional signal in favor of raising the USD / JPY currency pair will be a test of the support line on the relative strength index (RSI). The second signal will be the completion of the formation of the “Double Bottom” reversal pattern. Cancellation of the growth option for the Dollar / Yen currency pair will be a fall and a breakdown of the level of 102.35. This will indicate a breakdown of the support area and the continuation of the fall of the Dollar / Yen pair. In this case, we should expect the pair to continue to decline to the area below the level of 100.25. With the breakdown of the resistance area and closing of quotations above the level of 104.65, we should expect confirmation of the development of an upward movement in the pair and the start of the “Double Bottom” pattern.

USD / JPY forecast Dollar Yen January 13, 2021

Important news from Japan, which may have an impact on the USD / JPY pair, is not expected, so the pair will continue to move as part of technical analysis.

Therefore, USD / JPY Dollar Yen Forecast January 13, 2021 suggests an attempt to test the support area near the level of 103.65. Then, the continued growth of quotations to the area above the level of 105.55. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the 102.35 area. This will indicate a breakdown of the support level and continued fall in the pair with a potential target below 100.25.

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Currency pair quotes Dollar Yen USD / JPY continue to move within the framework of the growth and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.17. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for January 13, 2021, we should expect an attempt to develop a fall and a test of the support area near the level of 103.65. Further, a rebound and continued growth of the USD / JPY pair to the area above the level of 105.55.

USD / JPY forecast Dollar Yen January 13, 2021

An additional signal in favor of raising the USD / JPY currency pair will be a test of the support line on the relative strength index (RSI). The second signal will be the completion of the formation of the “Double Bottom” reversal pattern. Cancellation of the growth option for the Dollar / Yen currency pair will be a fall and a breakdown of the level of 102.35. This will indicate a breakdown of the support area and the continuation of the fall of the Dollar / Yen pair. In this case, we should expect the pair to continue to decline to the area below the level of 100.25. With the breakdown of the resistance area and closing of quotations above the level of 104.65, we should expect confirmation of the development of an upward movement in the pair and the start of the “Double Bottom” pattern.

USD / JPY forecast Dollar Yen January 13, 2021

Important news from Japan, which may have an impact on the USD / JPY pair, is not expected, so the pair will continue to move as part of technical analysis.

Therefore, USD / JPY Dollar Yen Forecast January 13, 2021 suggests an attempt to test the support area near the level of 103.65. Then, the continued growth of quotations to the area above the level of 105.55. A test of the trend line on the relative strength index (RSI) will be in favor of raising the pair. Cancellation of the growth option will be a fall and a breakdown of the 102.35 area. This will indicate a breakdown of the support level and continued fall in the pair with a potential target below 100.25.




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