The currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.605. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the US dollar. At the moment, the pair’s quotations are traded near the lower border of the bands of the Bollinger Bands indicator. An attempt is being made to insignificant growth to the level of 111,000, from which one should expect an attempt to continue the fall with the first target near the level of 109.800.
Bollinger Bands USD/JPY forecast April 12, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 111.500. The cancellation of the continuation of the fall of the US dollar pair Yen will be a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotations above the 112,000 area, indicating a change in the bullish trend for USD/JPY. In the event of a breakdown of the lower boundary of the indicator bars, it is expected to accelerate the fall of the pair into the area below the level of 109.800.
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