Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.37. The pair is trading above the moving average with a period of 55, indicating a bullish trend for the Yen/Dollar. At the moment, the pair’s quotations are traded near the middle border of the Bollinger Bands indicator bars. An attempt is expected to fall slightly to the area of 110.95, from which one should expect an attempt to continue growth with the first target near the level of 112.25.
Japanese Yen forecast USD/JPY on June 22, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 110.80. The cancellation of the continuation of the fall of the Dollar/Yen will be a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the area of 110.45, indicating a change in the bullish trend for USD/JPY. In the event of a breakdown of the lower boundary of the indicator bands, it is expected to accelerate the fall of the pair into the region below the level of 111.80.
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