Quotes of the pair USD/JPY close the trading week near the area of 107.40. The pair was able to pierce the area of the lower curtain of the «Triangle» model, which involves trying to continue falling and working out the model. It is necessary to expect the test of the broken model of the «Triangle» near the level of 109.30.
USD/JPY weekly forecast on September 11 — 15, 2017
In favor of the pair’s rebound is the test of the line of the bullish trend on the indicator of relative strength index (RSI). The cancellation of the fall of the pair USD/JPY in the current trading week will be strong growth and breakdown of the region of 110.50, which will indicate the continued growth of the pair on Forex.
Important news from Japan, which may have an impact on the Japanese Yen, is not expected, so the pair will continue to move in the technical analysis USD/JPY.
USD/JPY weekly forecast on September 11 — 15, 2017 assumes a test of the level of the lower boundary of the «Triangle» model near the area of 109.30, from where the continuation of the decline to the area below the level of 102.50 is pushed, the breakdown of the region may be 110.50.