Quotations of the USD JPY continue to move within the framework of the rebound from the broken frontier of the Forex Triangle model, which indicates the continuation of the upward trend development with a potential growth target above the 118.00 area. We continue to increase the volume of long positions in the pair and are ready to try new deals in favor of growth as the bullish trend develops.
USD/JPY Forecast Dollar Yen on March 15, 2017
With the breakdown of the area 115.60, we should expect an acceleration in the growth of the pair of Yen Dollar. In favor of the option of continuing the upward trend is the rebound of the values of the relative strength indicator from the uptrend line.
The cancellation of the variant of growth of quotations of the pair will cause a fall and breakdown of the 114.00 area, which will indicate the continuation of the pair’s 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 Yen on March 15, 2017 suggests an attempt to continue growing as part of the development of the forex model Triangle with the potential growth target above the area of 118.00.
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