Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the downward trend and at the moment there is still potential for the pair of Yen Dollar pair to fall below 107.50. In favor of the fall is a tight test of the upper boundary of the downward channel, as well as a test of the resistance line on the indicator of relative strength. The cancellation of the option will be a strong growth and breakdown of the region 108.60, which will indicate the continued growth of the pair.
USD/JPY Forecast Japanese Yen on April 18, 2017
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 18, 2017 implies an attempt to continue the decline to the area below the level of 107.50 within the rebound from the upper boundary of the descending channel, the breakdown of the region will be 108.60.
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