Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move in the downward channel. It is worth waiting for an attempt to test the upper border of the channel, where again we should expect the pair of Dollar/Yen to fall to the area of 111.80.
USD/JPY forecast & technical analysis on July 18, 2017
In favor of falling USD/JPY quotations there will be a tight test of the trend line on the indicator of relative strength index (RSI), as well as a test of the resistance area. Canceling the option will be a breakdown at level 113.20, indicating that the growth continues.
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 July 18, 2017 involves an attempt to test the upper border of the channel and continue the decline to the area of 111.80, an additional signal will be a trend line test on the relative strength indicator, with the breakout level 113.20.
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