Quotes of the currency pair USD/JPY are trading within the limits of the decline. At the moment, we should expect a test of the support level near the area of 111.10, and further continue the growth in the area above the level of 113.90. In favor of the growth of the pair, an uptrend line test will be performed on the indicator of relative strength index (RSI).
USD/JPY prediction & technical analysis on October 12, 2017
Cancellation of the growth option will be a drop and breakdown at the level of 110.40, which will indicate the continued decline in the pair USD/JPY forex.
USD/JPY prediction & technical analysis on October 12, 2017 suggests an attempt to lower the channel to the region of the lower border of the channel near the level as part of the beginning of the completion of the formation of the «5-0» bullish model, where again we should expect the pair to continue growing above the level of 113.90.
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