Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continued their growth and are currently testing the upper limit of the descending channel. It is expected to rebound and fall the pair in the area below the level of 109.
USD/JPY Forecast Japanese Yen on April 25, 2017
In favor of the decline is a tight test of the resistance area on the indicator of relative strength. Expect the acceleration of the fall is with the breakdown of the upward trend line on the indicator of relative strength. The cancellation of the fall of the pair of Yen Dollar quotations will result in a strong growth and breakdown of the 110.60 area, which will indicate the continued growth of the 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 25, 2017 suggests an attempt to continue the decline to the area below the level 109 within the rebound from the upper boundary of the descending channel, the cancellation will be the breakdown of the area of 110.60.
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