Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continued to decline and at the moment are trading in the 110.60 area. At the moment, the potential for a fall in the pair’s quotations to the area below the 109.50 level remains. In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength.
USD/JPY Forecast Japanese Yen on April 10, 2017
The cancellation of the fall of the pair of Yen Dollar pair quotations will result in a strong growth and breakdown of the area of 111.10, which will indicate the continued growth of the pair USD/JPY.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY Forecast Japanese Yen on April 10, 2017 suggests an attempt to fall below 109.50 within the rebound from the downward resistance line on the relative strength indicator, the breakdown of the breakdown of the upper boundary of the descending channel.
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