The Dollar Yen USD/JPY is trading at 114.76. At the moment, the pair continues to move above the moving average with a period of 55, indicating a bullish tendency for the pair. It is worth waiting for an attempt to test the lower border of the Bollinger Bands indicator bars near the level of 114.25, where one can consider conservative purchases of a pair with a close Stop-loss.
Bollinger Bands USD/JPY forecast on March 14, 2017
The cancellation of the continuation of the pair Yen Dollar pair growth will be the fall and the breakdown of the region of 113.85, which will indicate a potential trend reversal in favor of the downward pair. Expect to accelerate the growth of the pair USD/JPY is with the breakdown of the area 115.50.
