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 15, 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 be a strong growth and the breakdown of the area of 111.20, which will indicate the continued growth of the pair USD/JPY at Forex above 112.00.
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 15, 2017 involves a rebound attempt from the resistance level and lower quotations of the pair below the area of 108.50, the breakdown of the breakdown of the area will be 111.20, which will indicate continued growth.