Quotations of the dollar yen USD JPY continued to fall and were able to leave the ascending channel. At the moment, we should not exclude the attempt to correct and continue falling into the area below the level of 111.00.
USD/JPY Forecast Japanese Yen on March 22, 2017
In favor of the fall is the breakdown of the upward trend line on the relative strength indicator, as well as the rebound from this line, also the pair tests an important support area, the breakdown of which indicates the completion of the upward trend in the pair.
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 22, 2017 suggests a correction attempt to the area above the level of 113.45 and continuation of the decline with the breakdown of the area of 111.00.
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