Quotes of the the currency pair US Dollar to Japanese Yen USD/JPY will continue to move within the downward trend and currently trade at 109.60. It is worth waiting for an attempt to test the punched area of resistance and continue falling quotations in the area below the level of 108.50.
USD/JPY Forecast Japanese Yen on April 13, 2017
In favor of continuing the decline will come back to the broken trend line on the indicator of relative strength. The cancellation of the variant of falling quotations of the Yen Dollar will be a breakdown of the area of 111.20, which will indicate the outflow of quotes beyond the descending channel and the continuation of the development of growth by pair.
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 13, 2017 involves an attempt to test the area of 110.30 and continue falling to the area below the level of 108.50 within the rebound from the broken trend line on the indicator of relative strength.
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