Quotes of the USD/JPY Dollar to Japanese Yen continue to move near the resistance area. It is worth waiting for an attempt to rebound and fall of quotations in the area below the level of 112.30.
USD/JPY forecast Japanese Yen on July 7, 2017
In favor of the fall of the pair USD/JPY is the formation of the head and shoulders reversal pattern on the relative strength indicator, the breakdown of the local maximum region will be a cancellation.
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 7, 2017 suggests an attempt to lower the upward channel at the level of 112.30 to the region of the lower border of the upward channel, from which one should expect the pair to continue growing, the break of the fall will be a breakthrough of the level of 113.90.
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