Quotations of the currency pair USD JPY continue to move within the upward trend and at the moment the pair’s quotes have broken through the upper limit of the Triangle model, which indicates that growth continues to the level above the level of 118.00. It is necessary to expect a dense theta of the broken model boundary and the continued growth of the pair.
USD/JPY Forecast Japanese Yen on March 10, 2017
We try to hold USD/JPY purchases and are ready to increase the volume of purchases as the upward trend in the pair develops. In favor of continuing the growth will perform a tight test of the upward trend line on the indicator of relative strength.
The cancellation of the variant of the pair Yen Dollar pair growth will be the fall and the breakdown of the 113.50 area, which will indicate the continuation of the lowering of the model to the lower margin of the Forex.
Among the important news from Japan, which can influence the rate of the Japanese Yen, it is worth highlighting the BSI Index of business conditions for major producers.
USD/JPY Forecast Japanese Yen on March 10, 2017 suggests an attempt to increase the pair’s quotes as part of the development of the Forex Triangle model with a potential growth target above the level of 118.00.
