Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue within the framework of the bullish channel. At the moment, we should expect an attempt to drop the pair into the region of the lower border of the channel near level 112.50.
USD/JPY prediction & technical analysis on October 31, 2017
Where can we expect continued growth of the pair in favor of reducing the pair will make the formation of the reversal model of the «Head and Shoulders». The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and breakdown at the level of 114.80, which will indicate the continued growth of the pair USD/JPY on Forex.
Among the important news from Japan, which may affect the rate of the pair USD/JPY, it is worth highlighting: The decision on the interest rate of the Bank of Japan.
USD/JPY prediction & technical analysis on October 31, 2017 suggests an attempt to fall to the lower border of the channel at the level of 112.50, where it is expected to continue growing, the cancellation of the pair decline option Dollar/Yen will break through the level of 114.80.
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