Quotes of the currency pair USD/JPY are traded within the framework of the bullish movement. At this point, we should expect a rebound and a fall in the pair’s quotations in the area below the level of 108.50. Whence again it is necessary to expect the continuation of the pair’s growth of the Dollar/Yen above the level of 112.00.
USD/JPY forecast Dollar Yen on September 14, 2017
In favor of the fall of the pair is the resistance area test on the relative strength indicator (RSI). The cancellation of the fall option will result in a strong growth and breakdown of the 110.85 area, which will indicate that the USD/JPY pair continues to grow above the 112.00 level.
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 14, 2017 involves an attempt to drop and test the area of 108.50 as part of the completion of the «Head and Shoulders» reversal pattern, the breakdown of the 110.85 area will come out, indicating that growth will continue.
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