Quotations of the currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at 111.04. The pair is pushing away from the support area and at the moment there is still a potential for continuing growth above the 112.50 area as part of the development of the reversal model. The failed swing on the relative strength indicator.
USD/JPY Forecast Japanese Yen on April 10 — 14, 2017
At the time of the downward trend test on the RSI indicator, one should expect an attempt to continue the fall of the Yen Dollar pair quotations in the area below the level of 107.50. Abolishing the option of continuing the decline of the pair USD/JPY will break down the trend line, indicating that the growth continues into the area above the level of 114.30.
Important news from Japan at the next trading week is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD/JPY Forecast Japanese Yen on April 10 — 14, 2017 suggests an attempt to increase to the area above the level of 112.50 as part of the development of the reversal pattern the failed swing, then we should expect the USD/JPY to fall below 107.50.
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