Quotations of the Dollar Yen USD JPY continue to move within the framework of growth due to the breakdown of the upper limit of the Triangle model. At the moment, there are risks of development of correction with a dense test of the broken model boundary, after which it is necessary to expect the growth of quotations of the Dollar Yen pair with the aim above the area of 116.50.
USD/JPY Forecast Japanese Yen on March 13, 2017
In favor of continuation of the pair USD/JPY growth will test the upward trend line on the indicator of relative strength. The cancellation of the variant of continuation of the pair growth may be the breakdown of the 114.00 area, which will indicate the continuation of the decline in the pair’s quotes.
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 March 13, 2017 involves a try to test the break of the Triangle boundary near the area of 114.50, where again we should expect the pair to accelerate with a potential target above the area of 116.50.
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