Currency pair US Dollar to Japanese Yen USD/JPY continue to move near the area of 111.60. At the moment, there is a potential for the fall of the pair of Yen/Dollar to the area below the level of 109.70. In favor of falling quotes is the formation of a reversal model of the «Head and Shoulders».
USD/JPY technical analysis & signals on June 22, 2017
The abolition of the decline option will be the breakdown of the region of 111.80, which will indicate the continued growth of the pair. Near the area of 109.70 again we should expect a rebound and continue the growth of the pair.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis USD/JPY.
USD/JPY technical analysis & signals on June 22, 2017 suggests an attempt to fall to the lower boundary of the uplink at 109.70, an additional signal is the formation of the «Head and Shoulders» reversal pattern, the abolition of the fall variant will be the breakdown of the local maximum region.
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