The currency pair US Dollar to Japanese Yen USD/JPY completes trading week at 110.744. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the US dollar. At the moment, quotes of the pair move between the lower and middle boundaries of the bands of the indicator Bollinger Bands. It is worth to expect an attempt to grow and test the middle border of the Bollinger Bands indicator bars near the level 112.200, where again we should expect an attempt to continue falling with the first goal near the level of 108.200.
Bollinger Bands USD/JPY prediction on April 10 — 14, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 114.500. 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 quotes of the pair above the area of 116.200, which will indicate a change in the trend in favor of the bullish on USD/JPY. In the event of a breakdown of the lower boundary of the indicator strip, it is expected to accelerate the fall of the pair into the area below the level of 108.200.
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