Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move outside the Triangle model. At this point, we should expect an attempt to correct the pair’s quotations in the lower boundary area and continue to rise above the level of 116.00.
USD/JPY forecast & technical analysis on July 12, 2017
In favor of growth, a breakdown of resistance will be made on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of the pair Dollar/Yen will fall and breakdown at 113.00, indicating that the pair continues to decline.
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 12, 2017 suggests an attempt to correct the area of the lower border of the rising channel and continue the growth of the pair above the level of 116.00, the cancellation will be a level breakdown of 113.00.
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