Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to trade near the upper boundary of the downward channel at 110.20. It is worth waiting for an attempt to rebound and fall into the area below the level of 109.50.
USD/JPY Forecast Japanese Yen on April 26, 2017
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 that the pair’s quotations continue to rise above 112.00. Expect the acceleration of USD/JPY quotes decrease with the breakdown of the ascending trend line on the indicator of relative strength.
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 26, 2017 suggests a rebound attempt from the upper boundary of the descending channel with the first drop target near the area of 109.50, the breakdown of the region will be 110.60, indicating that the pair will continue to grow.
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