Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move in the fall. At the moment, quotes are testing the support area. We should expect a test of the level of 10850, from which we should expect a rebound and growth of quotations of the pair of Dollar/Yen in the area above the level of 11.30.
USD/JPY forecast & technical analysis on August 22, 2017
An additional signal in favor of the growth of the pair on Forex will be a test of the support line on the indicator of relative strength index (RSI). The cancellation of the variant of growth will be the fall and breakdown of the area 108.10, which will indicate the continued decline in the pair USD/JPY.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis USD/JPY.
USD/JPY forecast & technical analysis on August 22, 2017 suggests a rebound from the support level and the beginning of growth in the area above 111.30, in favor of growth, a trend line test will be performed on the indicator of relative strength index (RSI).
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