Quotes of the currency pair USD/JPY are traded within the framework of an bullish correction. At the moment, we should expect a test of the support level near the area of 108.20, from which we should expect a rebound and the beginning of the pair’s growth in the area above the level of 110.00.
USD/JPY Forecast Dollar Yen on September 12, 2017
In favor of the growth of the Dollar/Yen pair is the formation of a reversal pattern the «Failure Swing» on the indicator of relative strength index (RSI), which indicates the breakdown of the 108.60 area by closing prices. Cancellation of the variant of growth will be a fall and breakdown of the area 107.20, which will indicate the continuation of the fall of the pair USD/JPY at Forex below the level of 106.50. Expect to accelerate growth is with the breakdown of the level of 109.00.
Important news from Japan, which may have an impact on the rate of the Dollar/Yen pair, is not expected therefore the pair will continue to move within the technical analysis USD/JPY.
USD/JPY Forecast Dollar Yen on September 12, 2017 assumes a test of the support area near the level of 108.20 and the beginning of the growth above the level of 110.00, with the breakdown of the breakdown of the area 107.20, which will indicate the continuation of the fall.
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