Quotations of the currency pair US Dollar to Japanese yen USD/JPY will continue to move in the downward channel and at the moment there is a potential for continuing the decline to the area below the level of 107.50.
USD/JPY Forecast Japanese Yen on April 24, 2017
In favor of falling quotations of the pair Yen Dollar is a tight test of the downward resistance line on the indicator of relative strength, as well as the test of the upper boundary of the descending channel. The abolition of the continuation of the decline will be strong growth and breakdown of the area of 109.85, 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 24, 2017 suggests an attempt to fall below 107.50 within the rebound from the upper boundary of the descending channel, the breakdown of the region will be 109.85, which will indicate an attempt to develop the pair’s growth.
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