Currency pair US Dollar to Japanese Yen USD/JPY continue to move within the limits of the decline. At the moment, we should expect an attempt to test the upper boundary of the channel and continue the decline below the level of 111.50.
USD/JPY forecast & technical analysis on July 19, 2017
In favor of the fall of the pair, the Dollar/Yen will perform a tight test of the resistance line on the indicator of relative strength. The reversal of the fall option will be a strong growth and a breakdown at level 112.80, which will indicate the continued growth of the pair Dollar/Yen.
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 19, 2017 involves an attempt to test the upper border of the channel at the level of 112.50, from where it is expected to continue the decline with a potential target at a level below the area of 111.50, the cancellation will be a breakthrough at level 112.80.
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