Quotes of the Currency pair US Dollar to Japanese Yen USD/JPY continue to move in the upward trend. However, at the moment there is still potential for falling quotations in the area below the level of 111.00 as part of the development of the reversal forex model. The failed swing on the indicator of relative strength. An additional signal is the breakdown of the rising trend line on the indicator of relative strength. The cancellation of the fall of the pair of Yen Dollar pair quotations will result in strong growth and breakdown of the 112.85 area.
USD/JPY Forecast US Dollar to Japanese Yen on May 4, 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 US Dollar to Japanese Yen on May 4, 2017 suggests an attempt to fall to the area below the level of 111.00 as part of the Forex forex model. The failed swing on the indicator of relative strength, the cancellation will be strong growth and breakdown of the area 112.75.
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