Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move in the fall. At the moment, we should expect the pair to continue growing in the area above the level of 111.50, then continue the decline in the area of 109.60.
USD/JPY forecast & technical analysis on August 3, 2017
In favor of falling quotations of the pair, the Dollar/Yen will test the trend line on the indicator of relative strength. The abolition of the fall option will be a strong growth and breakdown of the region of 111.80, which indicates the continued growth.
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 3, 2017 involves an attempt to test the area of 111.50 and further the continuation of the decline in the area below the level of 109.65, the cancellation will be a breakdown of the upper border of the channel, which will indicate the continuation of the growth of the Dollar/Yen pair on Forex.
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