Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of growth. At the moment, the pair was able to break the upper limit of the «Triangle» model, which indicates that the growth continues into the area above the level of 116.00.
USD/JPY forecast & technical analysis on July 11, 2017
In favor of the growth of the pair will perform a tight test of the support line on the indicator of relative strength index (RSI). At the moment, we should expect an attempt to correct the USD/JPY quotations in the region of the lower border of the upward channel and then continue the growth. Cancellation of the growth option will be a breakdown of level 112.60.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD/JPY forecast & technical analysis on July 11, 2017 involves an attempt to correct the region of the broken triangle “Triangle pattern and the continuation of the growth above the level of 116.00, an additional signal will be a tight test of the support line on the indicator of relative strength index (RSI).
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