USD/JPY prediction & technical analysis on October 3, 2017


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Quotes of the currency pair USD/JPY are trading within the limits of growth. At this point, you should expect a test level of 113.00, where again we should expect a rebound and an attempt to fall into the area below the level of 110.40, as part of the completion of the formation of the bullish model «5-0».

USD/JPY prediction & technical analysis on October 3, 2017

In favor of the fall of the pair, a downline resistance test will perform on the relative strength indicator (RSI). Cancellation of the fall option will be a strong growth and breakdown of the region 113.80, which will indicate the continued growth of the pair USD/JPY at Forex above the level of 115.50. Expect to accelerate the fall is with the breakdown of the level of 111.20.

USD/JPY prediction & technical analysis on October 3, 2017

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 3, 2017 suggests an attempt to fall below 110.40 in the formation of the bullish model «5-0», from the lower boundary of the model, we again expect to continue growth, the elimination of the growth scenario will be a breakdown at 108.70, which will indicate the outflow of quotes beyond the bullish channel.

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