Quotes of the currency pair US Dollar to Japanese Yen USD/JPY are trading within the limits of the decline. At the moment, we should expect a test level of 108.70 and the beginning of the pair’s growth in the area above the level of 113.00.
USD/JPY forecast & technical analysis on September 5, 2017
In favor of the pair’s growth, the Dollar/Yen will test the support line on the relative strength indicator (RSI), as well as the formation of the «Head and Shoulders» reversal pattern. Cancellation of the variant of growth will be a fall and breakdown of the region of 107.80, which will indicate the continuation of the fall of the pair USD/JPY at Forex below the level of 106.50. To expect the acceleration of growth is with the breakdown of the level of the line of the neck and the closing of quotations above the area of 110.60.
Important news from Japan, which may have an impact on the rate of the Dollar/Yen pair, is not expected therefore the pair will continue to move within the technical analysis USD/JPY.
USD/JPY forecast & technical analysis on September 5, 2017 involves a rebound attempt from the level of 108.70 and the beginning of the pair’s growth as part of the development of the «Head and Shoulders» reversal model, an additional signal will be a test of the support line on the indicator of relative strength index (RSI), the breakdown will be the breakdown of the area 107.80.
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