The currency pair US Dollar to Japanese Yen USD/JPY went into the development of the upward correction and are currently traded at 111.30. The potential for falling of the pair of Yen Dollar pairs in the area below the level of 109.50 is maintained as part of the development of the head and shoulders reversal model.
USD/JPY Forecast Japanese Yen on April 6, 2017
In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength. The cancellation of the option will be continued growth of the pair and breakdown of the area 112.30, which will indicate the continuation of the upward movement within the framework of the Double Bottom model.
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 6, 2017 involves an attempt to rebound and fall of quotations in the area below the level of 109.50 as part of the development of the head and shoulders reversal model, the breakdown of the option will be the breakdown of the area 112.30, which will indicate the continuation of the upward trend in the pair.
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