Quotes of the currency pair US Dollar to Japanese Yen USD/JPY are trading within the limits of the decline. At this point, we should expect a test level of 108.50, from which we should expect a rebound and the beginning of the pair’s growth in the area above the level of 110.45.
USD/JPY forecast & technical analysis on September 8, 2017
In favor of the growth of the Dollar/Yen pair is the formation of a reversal pattern the «Failure Swing» on the relative strength indicator (RSI), which indicates the breakdown of the 109.50 area by closing prices. Cancellation of the variant of growth will be the fall and breakdown of the area 108.00, which will indicate the continuation of the fall of the pair USD/JPY at Forex below the level of 106.50. Expect to accelerate growth is with the breakdown of the level of 110.65.
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 8, 2017 suggests a rebound attempt from the level of 108.50 and the beginning of the growth above the level of 110.50, the breakdown of the breakdown of the area will be 108.00, which will indicate the continuation of the fall.
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