Quotes of the currency pair Dollar to Japanese Yen USD/JPY continue to move in the downward channel. At the moment the quotes of the pair were able to push off from the upper border of the channel, we should expect the continuation of the decline in the area below the level of 111 within the rebound from the border of the channel. In favor of falling quotes is the breakdown of the support area on the indicator of relative strength. The cancellation of the fall of the pair of Yen Dollar pair quotations will result in a strong increase in the breakdown of the 113.50 area, which will indicate that the USD/JPY pair will continue to grow.
USD/JPY Forecast Japanese Yen on May 8, 2017
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 8, 2017 suggests an attempt to continue the decline in the area below the level of 111.00 within the rebound from the upper boundary of the descending channel, the breakdown will be the breakdown of the region of 113.50.
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