Quotations of the Dollar Japanese Yen USD JPY continued to decline and at the moment there will be a potential for the pair to continue falling to below 111.00. In the case of the breakdown of the queens of the downstream channel and the consolidation of the Yen Dollar pair quotations above the 111.45 area, one should expect the growth of quotations to continue to exceed the level of 112.55 as part of the completion of the formation of the downside Forex 5-0 model.
USD/JPY Forecast Japanese Yen on March 27, 2017
Already near the 112.55 area, you can again try to sell a pair with a close stop-loss. 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 27, 2017 suggests an attempt to break through the area of 111.00, which indicates the continuation of the decline, but in the case of quotes coming out of the downward channel, the continuation of the upward correction development to the area above the 112.55 level is depressed.
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