Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move in the fall. At the moment, we should expect a test of the support area near the area of 108.50. Where can we expect the rebound and the pair’s growth in the area above the level of 110.80.
USD/JPY forecast & technical analysis on August 23, 2017
In favor of the growth of the pair is the formation of the reversal model «Double Bottom». The cancellation of the variant of growth will be the fall and breakdown of the area 108.00, which will indicate that the pair USD/JPY will continue to decline to Forex.
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 23, 2017 suggests a rebound attempt from the support level and the beginning of growth in the area above 110.80 within the start of the development of the reversal model «Double Bottom».
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
