USDJPY prediction | Japanese Yen technical analysis October 20, 2017

USDJPY prediction | Japanese Yen technical analysis October 20, 2017

Japanese Yen technical analysis   Quotes of the currency pair US Dollar to Japanese Yen USD/JPY are traded within the framework of the bullish model «5-0». At the moment, the pair is testing the resistance area. One should expect an attempt to rebound and fall into the region of the lower boundary of the channel near the area of ​​111.75.

USDJPY prediction | Japanese Yen technical analysis October 20, 2017

In favor of the fall of the pair is a test of the resistance level on the indicator of relative strength index (RSI). With the breakdown of area 111.05,

Japanese Yen technical analysis   Quotes of the currency pair US Dollar to Japanese Yen USD/JPY are traded within the framework

Japanese Yen technical analysis 

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we should expect the continuation of the development of a bearish trend in the pair. The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and breakdown at the level of 113.70, which will indicate the continued growth of the pair USD/JPY on Forex.

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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