Quotes of the currency pair USD/JPY are trading within the limits of growth. At this point, we should expect a test of level 112.90, and further continue the decline in the lower channel area near the area of 111.10. In favor of the fall of the pair, a downlink test of the support on the relative strength indicator (RSI) will perform.
USD/JPY prediction & technical analysis on October 10, 2017
Cancellation of the fall option will be a strong growth and breakdown at 113.65 level, which will indicate the continued growth of the pair USD/JPY on Forex. Expect to accelerate the fall is with the breakdown of the level of 112.05.
Important news from Japan, which may have an impact on the rate of the pair USD/JPY, is not expected, so the pair will continue to move in the technical analysis.
USD/JPY prediction & technical analysis on October 10, 2017 suggests an attempt to fall to the lower border of the channel near the level of 111.10 as part of the beginning of the completion of the formation of the bullish «5-0» model, the abolition of the fall version will be a breakdown at the level of 113.65.
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