USD/JPY forecast Japanese Yen on July 10, 2017


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.

USD/JPY forecast Japanese Yen on July 10, 2017

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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