Quotations of the currency pair US Dollar to Japanese yen USD/JPY continue to be traded within the descending channel and at the moment there is still potential for the pair to fall below the local minimum level within the framework of the bear model 5-0. In favor of falling quotations of the pair USD/JPY is the breakdown of the upward trend line on the indicator of relative strength, which also indicates a drop already from the current levels. The cancellation of the decline of the pair of Yen Dollar pair quotations will result in strong growth and breakdown of the 112.25 area, which will indicate the continued growth of the pair.
USD/JPY Forecast Japanese Yen on April 4, 2017
Expect to accelerate the fall is with the breakdown of the level of 111.05. 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 4, 2017 suggests an attempt to continue falling as part of the downgrade of the 5-0 model with a potential downside target near the 110.40 area, the cancellation of the fall variant will be strong growth and breakout of the 112.25 area, which will indicate an exit Quotations for the limits of the descending channel on a pair.
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