Quotes of the currency pair USD/JPY are trading within the limits of growth. At this point, we should expect a rebound and a fall in the pair’s quotations in the support area near the level of 110.80. Whence again it is necessary to expect the continuation of the pair’s growth of the Dollar /Yen above the level of 113.00.
USD/JPY forecast Dollar Yen on September 20, 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 breakdown of the area of 112.00, which will indicate that the USD/JPY pair continues to grow above the 113.00 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 20, 2017 involves a rebound attempt from the resistance level and lowering the quotes of the Dollar/Yen pair to the area of 110.80, with the breakdown of the 112.00 area, which will indicate continued growth.