Currency pair US Dollar to Japanese Yen USD/JPY continues to move within the limits of growth. It is worth waiting for an attempt to test the lower boundary of the bullish channel of the continuation of growth in the region of the upper boundary of the «Triangle» model.
USD/JPY Forecast Japanese Yen on July 4, 2017
In favor of the growth of fur seals, the Dollar/Yen will perform a tight test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth option of the pair will be the fall and breakdown of the area of 111.80, which will indicate the continuation of the drop in quotations in the area below the level of 111.00. With the breakdown of the upper limit of the «Triangle» model, one should expect the pair to accelerate.
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 4, 2017 involves an attempt to test the lower boundary of the bullish channel and continue the growth of the pair to an area above the 113.00 level.
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