Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to test the resistance area near the 109.00 level. At the moment, there is a potential for continuing the decline in the area below the level of 107.50.
USD/JPY Forecast Japanese Yen on April 21, 2017
In favor of the drop is the downward resistance line test on the relative strength indicator. And also the formation of the Triangle model, to expect the acceleration of the fall is with the breakdown of the lower boundary of the model. The cancellation of the variant of falling of the pair of Yen Dollar pair will be a breakdown of the area of 109.40, which will indicate the continued growth of USD/JPY.
Important news from Japan is not expected, so the pair Yen Dollar will continue to move in the technical analysis of USD/JPY.
USD/JPY Forecast Japanese Yen on April 21, 2017 suggests an attempt to fall within the framework of the beginning of the development of the Forex Triangle model with the potential to reduce the area near 107.50, the breakdown of the area will be 109.40.
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