Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to grow, but at the moment there is still potential for falling quotations in the area below the level of 111. In favor of the fall breakdown of the upward trend line on the indicator of relative strength.
USD/JPY Forecast Forex Japanese Yen on May 3, 2017
And also the formation of the reversal Forex model The failed swing on the indicator of relative strength. The cancellation of the fall in the pair’s quotes will result in a strong growth and breakdown of the area of 112.80.
Among the important news from Japan, which can influence the rate of the Japanese Yen, it is worth highlighting, the Consumer Price Index, the change in the level of household expenditure.
USD/JPY Forecast Forex Japanese Yen on May 3, 2017 suggests a correction attempt to the area below level 111, as part of the development of the reversal Forex model the failed swing on the indicator of relative strength.
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