Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of the formation of the «Triangle» model. It is worth waiting for an attempt to continue falling into the area below the level of 109.
USD/JPY forecast & technical analysis on August 4, 2017
In favor of falling quotations of the pair of Dollar/Yen is the formation of the model of the «Head and Shoulders» 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 indicates the continued growth of the pair.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY forecast & technical analysis on August 4, 2017 implies an attempt to fall below 109.00, an additional signal is the formation of a reversal pattern on the relative strength indicator, the breakdown of the 111.00 area will be a cancellation.
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