Quotations of the currency pair US Dollar Japanese Yen USD JPY continued to decline, but at the moment there is a potential for the beginning of rebound and growth in the upper boundary of the descending channel, as well as the resistance area near the level of 111.00. In the event of a breakdown in this area, we should expect the continuation of growth above the level of 111.60.
USD/JPY Forecast Dollar Japanese Yen on March 28, 2017
The cancellation of the option will be a breakdown of the ascending support line on the indicator of relative strength, which will indicate that the pair of Yen Dollar pair continues to decline. Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY Forecast Dollar Japanese Yen on March 28, 2017 suggests a correction attempt to the area above the level of 111.00, the breakdown of which will indicate the continuation of growth and the probable completion of the downward movement in the pair.
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