Quotations of the US Dollar Japanese Yen USD JPY continued to decline and at the moment there is a potential for rebound into the resistance area, where again we should expect an attempt to continue falling to the area below the level of 109.50.
USD/JPY Forecast Japanese Yen on March 29, 2017
The cancellation of the variant of falling quotations of the pair will be the breakdown of the resistance area with the closing of the quotations of the pair USD/JPY above the level of 111.95, which will indicate the continuation of the pair’s growth. 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 29, 2017 suggests a test of the area 111.60, where the pair will meet the resistance area, from where it is expected to fall below 109.50, in case of breakdown of the area 111.95, there is a potential for continuing growth of USD/JPY.
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