Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of a strong upward trend. At this point, we should expect the pair to continue to grow after testing the bottom of the uplink. The purpose of the growth of the pair of Yen Dollar is the area at the level above 115.00.
USD/JPY Forecast Dollar Yen exchange rate May 11, 2017
In favor of the growth of USD/JPY quotations, a dense test of the upward trend line will appear on the indicator of relative strength. The cancellation of the variant of growth of quotations will be the fall and breakdown of the 113.00 area, which will indicate the continuation of the decline with the first target near the area of 111.40.
Important news from Japan is not expected, so the pair Yen Dollar will continue to move in the technical analysis of USD/JPY.
USD/JPY Forecast Dollar Yen exchange rate May 11, 2017 suggests an attempt to test the lower boundary of the rising channel, from which it is expected to continue the pair’s growth to an area above the level of 115.00, the breakdown of the 113.00 area will be a cancellation.
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