Quotes of the USD JPY could show a drop and at the moment quotes are testing the area of the lower border of the ascending Forex model 5-0. It is worth waiting for an attempt to rebound and continue growth in the area above the level of 115.50.
USD/JPY Forecast Japanese Yen on March 17, 2017
In favor of the growth option is a tight test of the support area on the indicator of relative strength. The cancellation of the growth variant of the Yen Dollar pair will be the fall and breakdown of the 113.00 area, which will indicate the continuation of the decline in the 112.20 area.
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 17, 2017 suggests an attempt to rebound and continue growing as part of the beginning of the development of the upward forex model 5-0 with a potential growth target above the 115.50 area, the cancellation will be a breakdown of the lower boundary of the rising channel.
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