Quotations of the US Dollar to Japanese Yen USD/JPY continue to trade near the local minimum area. There is a potential for the formation of the reversal forex models of the Head and shoulders and the continuation of the pair’s growth in the area above the level of 112.40.
USD/JPY Forecast Dollar Yen on March 31, 2017
In favor of the pair’s growth, the Yen Dollar will perform a tight test of the upward trend line on the indicator of relative strength. The cancellation of the growth option of the pair will be the fall and breakdown of the local minimum area, which will indicate the continuation of the decline in the area below the level of 110.00.
Among the important news from Japan, which can influence the rate of the Japanese Yen, it is worth highlighting, the Consumer Price Index, the change in the level of household expenditure.
USD/JPY Forecast Dollar Yen on March 31, 2017 involves an attempt to form a reversal forex model of the Head and shoulders and the pair USD/JPY began to rise above 112.40, a breakdown of the local minimum area.
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