Quotes of the currency pair USD/JPY close the trading week near the area of 109.11. The pair continues to test the lower combat movement, as well as the support area. It is expected to rebound and the pair’s growth of the Dollar/Yen is above the level of 115.00.
USD/JPY weekly forecast on August 14 — 18, 2017
In favor of the growth of the pair is the test of the support line on the indicator of relative strength (RSI). The cancellation of the growth of the pair USD/JPY on the current trading week will be the fall and breakdown of the area of 107.30, which will indicate the continuation of the pair’s decline. Expect the acceleration of the pair’s growth. The Dollar/Yen is worth a breakdown of the level of 115.50.
Among the important news from Japan in the next trading week that can have an impact on the USD / JPY rate is: The GDP volume change.
USD/JPY weekly forecast on August 14 — 18, 2017 suggests an attempt to rebound from the support area and continue growth with a potential target near the area of 115.00, the cancellation of the USD/JPY growth option will be the fall and breakdown of the 107.30 area.
