Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the growth and bullish channel. At the moment, we should expect the test of the support area test near the level of 110.35 and the continuation of the pair’s growth in the area above the level of 111.75.
USD/JPY forecast & technical analysis July 3, 2018
In favor of the growth of the pair USD/JPY will test the upward trend line on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and breakdown of the level of 109.80, which will indicate the continued decline of the Dollar/Yen pair with a target below the level of 108.85. With the breakdown of the resistance area and the closing above the level of 111.25, one should expect confirmation of the development of the upward movement in the pair.
USD/JPY forecast & technical analysis July 3, 2018 suggests an attempt of testing the support area near the level of 110.35 and the continuation of the growth of quotations in the area above the level of 111.75, in favor of the growth of the pair will perform a test of the support line on the indicator of relative strength index (RSI).
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