Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the limits of growth and at the moment the quotes have broken the upper boundary of the downward channel, which indicates the continued growth of the pair in the area above the level of 115.55.
USD/JPY Forecast Japanese Yen on May 10, 2017
In favor of the growth of quotations, the Yen Dollar will advocate the formation of an inverted forex model of the Head and shoulders on the indicator of relative strength. It is worth expecting a slight correction in the area below the level of 113.00 from where it is worth reviving the continued growth of the pair.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY Forecast Japanese Yen on May 10, 2017 assumes an attempt to continue growth after a slight correction to the 113.00 area, the cancellation of the growth option may be a breakdown of the area of 111.80, which will indicate a return to the downward channel and the continuation of the decline.
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