Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the flat movement. At the moment, we should expect a test of the level of 109.70 and continuation of the pair’s decline in the area below the level of 107.70. In favor of the fall of the pair, the Dollar/Yen will perform a resistance line test on the relative strength indicator (RSI).
USD/JPY forecast & technical analysis on August 29, 2017
USD/JPY forecast & technical analysis on August 29, 2017The cancellation of the fall option will be a strong growth and a breakdown of the region of 110.50, which will indicate that the USD/JPY pair continues to grow above the level of 111.90. To expect the acceleration of the fall is with the breakdown of the support level and the closing of quotations below the area of 108.50.
Important news from Japan, which could have an impact on the rate of the Dollar/Yen pair, is not expected therefore the pair will continue to move within the technical analysis USD/JPY.
USD/JPY forecast & technical analysis on August 29, 2017 suggests a test of the level of 109.70, from which it is expected to continue the decline of the pair in the area below the level of 107.70, an additional signal is the trend line test on the relative strength indicator (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
