Quotes of the Dollar/Yen USD/JPY continue to move in the bearish channel. It is worth waiting for an attempt to continue the decline of the pair in the area below the level of 110.95. In favor of the fall of the Dollar/Yen pair is the resistance line test on the relative strength indicator.
USD/JPY prediction & analysis on July 20, 2017
Cancellation of the fall option will break through the resistance level with the closing of quotations above the area of 112.50, indicating that continued growth.
Among the important news from Japan, which can have a strong impact on the rate of the Japanese Yen, it is worth highlighting: The decision on the interest rate of the Bank of Japan, Annual growth of the monetary base, Commentary on monetary policy, Press Conference of the Bank of Japan.
USD/JPY prediction & analysis on July 20, 2017 suggests an attempt to continue the decline with a potential target at a level below the 110.95 area, an additional signal is the trendline test on the relative strength indicator.
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