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 an attempt to test the level of the lower border of the channel near the area of 111.00 and then continue the growth in the area above 114.00.
USD/JPY prediction & technical analysis on October 17, 2017
In favor of the growth of the pair will perform a test of the support area on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and a breakdown at 110.30, which will indicate that the USD/JPY pair continues to fall on Forex. To expect the acceleration of growth is with the breakdown of the level of 112.20.
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 17, 2017 involves an attempt to test the level of the lower border of the channel and continue growth with the target above 114.00 level, as part of the start-up of the bullish «5-0» model, an additional signal will test the support area on the relative indicator strength (RSI).
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