Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the limits of growth. At the moment, the quotes of the pair Dollar/Yen test the area of the upper boundary of the bullish channel.
USD/JPY forecast Japanese Yen on July 10, 2017
An attempt is made to correct for the level of the lower border near the area of 113.40, where again we should expect the growth of USD/JPY quotes to continue. In favor of the rebound pair will perform a test of the support line on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the pair will be a fall and breakdown of the area of 112.70, which indicates the continued decline in the Yen Dollar.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD/JPY forecast Japanese Yen on July 10, 2017 suggests a correction attempt to the lower border of the channel at the level of 113.40 where we expect the rebound and the growth of the Dollar/Yen pair in the region above the level of 115.20, the cancellation of the quotations below the level of 112.70.
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