Quotations of the USD JPY continue to move within the start of the Forex Triangle Triangle. At the moment, there is the potential for a tight test of the broken model boundary, from which one should expect a rebound and the continued growth of the pair of Yen Dollar pairings with a potential growth target above the 118.00 area.
USD/JPY Forecast Japanese Yen on March 14, 2017
In favor of the option growth is a test of a fast trend line on the indicator of relative strength. The cancellation of the option of continuing the growth of the USD/JPY pair quotes will be the breakdown of the 114.00 area, which will indicate the continuation of the decline.
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 14, 2017 suggests an attempt to continue growth as part of the Triangle Forex Trial with a potential target of working near the area of 118.00.
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