Quotations of the currency pair US Dollar to Japanese Yen USD/JPY will continue to move within a downward trend and at the moment there is a potential for the pair to continue falling below 107.50. In favor of the fall, a dense test of the upper boundary of the descending channel will perform, as well as a breakdown of the trend line on the indicator of relative strength.
USD/JPY Forecast Japanese Yen on April 17, 2017
The cancellation of the fall of the pair of Yen Dollar quotations will be a breakdown of the upper boundary of the descending channel and the closing of quotes above the area of 109.50.
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 17, 2017 suggests an attempt to fall into the area below the level of 107.50 as part of the rebound from the broken trend line on the indicator of relative strength, the withdrawal of the breakdown of the region 109.50.
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