Quotations of the US Dollar to Japanese Yen USD/JPY continued to grow and were able to break through the resistance area and at the moment the pair’s quotes are traded at 111.11. It is worth waiting for an attempt to rebound from these levels and fall into the area of the nearest support near the area of 110.50, where the pair can again show strong growth.
USD/JPY Forecast Japanese Yen on March 30, 2017
In favor of the growth of quotations, the Yen Dollar will perform a tight test of the upward trend line on the indicator of relative strength. Canceling the growth option will be the fall of USD/JPY and the breakdown of the local minimum area, which will indicate the continuation of the downward 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 30, 2017 suggests a tight test of the support area near the level of 110.50, where we can expect the pair to continue growing above 112.00.
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