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USD/JPY prediction & technical analysis on October 3, 2017

USD/JPY prediction & technical analysis on October 3, 2017


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Quotes of the currency pair USD/JPY are trading within the limits of growth. At this point, you should expect a test level of 113.00, where again we should expect a rebound and an attempt to fall into the area below the level of 110.40, as part of the completion of the formation of the bullish model «5-0».

USD/JPY prediction & technical analysis on October 3, 2017

In favor of the fall of the pair, a downline resistance test will perform on the relative strength indicator (RSI). Cancellation of the fall option will be a strong growth and breakdown of the region 113.80, which will indicate the continued growth of the pair USD/JPY at Forex above the level of 115.50. Expect to accelerate the fall is with the breakdown of the level of 111.20.

Important news from Japan, which may have an impact on the rate of the pair USD/JPY, is not expected, so the pair will continue to move in the technical analysis.

USD/JPY prediction & technical analysis on October 3, 2017 suggests an attempt to fall below 110.40 in the formation of the bullish model «5-0», from the lower boundary of the model, we again expect to continue growth, the elimination of the growth scenario will be a breakdown at 108.70, which will indicate the outflow of quotes beyond the bullish channel.

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