Quotes of the currency pair USD/JPY are trading within the limits of growth. At this point, we should expect a fall in the pair’s quotes to the area of the lower border of the rising channel near the level of 110.50. Whence again it is necessary to expect the continuation of the pair’s growth of the Dollar/Yen above the level of 113.00 within the framework of the working out of the bullish model «5-0».
USD/JPY forecast Dollar Yen on September 21, 2017
In favor of the fall of the pair is the resistance area test on the relative strength indicator. The cancellation of the fall option will be a strong growth and breakdown of the area of 112.00, which will indicate that the USD/JPY pair continues to grow above the 113.00 level.
Among the important news from Japan that can influence the rate of the Dollar/Yen pair, it is worth highlighting: The decision on the interest rate of the Bank of Japan, Commentary on monetary policy, Press Conference of the Bank of Japan.
USD/JPY forecast Dollar Yen on September 21, 2017 suggests an attempt to drop the Dollar/Yen pair quotations to the area of the lower border of the bullish channel near the level of 110.50, where we expect a rebound and continued growth of the pair, the breakdown of the 112.00 area will come, continued growth.
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