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 level of 110.40 and continuation of the pair’s decline in the area below the level of 107.70.
USD/JPY forecast & technical analysis on August 25, 2017
In favor of the fall of the pair, a resistance line test will be performed on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the area of 111.00, which will indicate the continued growth of the pair USD/JPY at Forex above the level of 111.90.
Among the important news from Japan, which may have an impact on the rate of the Dollar Yen pair, it is worth highlighting: the Consumer Price Index.
USD/JPY forecast & technical analysis on August 25, 2017 suggests an attempt of minor correction and continuation of the fall of the pair with a potential drop target near the area of 107.70, an additional signal will test the trend line on the indicator of relative strength index (RSI).
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