Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within expectations and are currently testing the area of the lower border of the descending channel, you should expect an attempt to rebound the area above the level of 109.70, where again one should expect the price to fall below 108.20.
Technical analysis and USD/JPY forecast on April 14, 2017
In favor of falling quotes of the pair, the Yen Dollar will perform a downtrend test on the indicator of relative strength.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
Technical analysis and USD/JPY forecast on April 14, 2017 presupposes an attempt to test the upper boundary of the downward channel and fall below 108.20, a strong growth and breakdown of the resistance area with the closing of quotations above the level of 110.05 will be canceled.
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