Quotes of the pair USD/JPY close the trading week near the area of 113.50. At the moment, the pair has broken the upper boundary of the bearish channel. It is necessary to expect the test of the broken channel border and continuation of growth in the area above the level of 117.50.
USD/JPY weekly forecast on October 23 — 27, 2017
In favor of the growth of the pair will break the resistance line on the indicator of relative strength index (RSI). The cancellation of the growth variant of the pair USD/JPY on the current trading week will be the fall and breakdown of the area of 111.20, which will indicate the continued decline in the pair on Forex. Expect the acceleration of growth is with the breakdown of the level of 114.00.
USD/JPY weekly forecast on October 23 — 27, 2017 suggests a test of the broken down channel boundary, from which it is expected to continue the growth of the Japanese Yen in the area above the 114.00 level, the cancellation of the growth variant may become the breakdown of the area of 111.20, which will indicate the continuation of the fall of the Dollar/Yen is in the lower channel boundary area.
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