Quotes of the currency pair US Dollar to Japanese Yen USD/JPY are trading near the local maximum area. At the moment, we should expect an attempt to rebound and fall into the area of the lower border of the ascending channel at the level of 113.40.
USD/JPY prediction & technical analysis on October 24, 2017
Whence again it is necessary to expect the continuation of the growth of the pair with a target above 114.70. In favor of the growth of the pair will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will be a drop and a breakdown at the level of 113.10, which will indicate the continuation of the fall of the pair USD/JPY on Forex.
USD/JPY prediction & technical analysis on October 24, 2017 suggests an attempt to test the bottom of the upside channel near the level of 113.40, where it is expected to increase the quotations in the area above the level of 114.70, the cancellation of the growth variant will be the breakdown of the support level and the closing below 113.10.
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