Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the Triangle model. At the moment, there is a potential for testing the lower boundary of the model at 110.20 and continuing the growth above the level of 112.50.
USD/JPY forecast & technical analysis on August 8, 2017
In favor of the pair’s growth, the Yen Dollar will test the support line on the indicator of relative strength index (RSI). The cancellation of the pair’s growth option will result in a fall and breakout of the area of 109.40, 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 8, 2017 involves an attempt to test the lower bound of the Triangle model and continuing growth above the level of 113.20, an additional signal will be a test of the support line on the indicator of relative strength index (RSI).
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