Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the strong upward trend, at the moment there is a potential for falling quotations to the lower boundary of the uplink at the level of 113.50, where it is expected to continue falling to the area above the level of 115.50.
USD/JPY Forecast Japanese Yen on May 12, 2017
In favor of growth of quotations of the pair, the Yen Dollar will perform a tight test of the upward trend line on the indicator of relative strength. Canceling the option of continuing the growth of quotations USD/JPY will break through the lower limit of the rising channel, which will indicate the continuation of the development of correction for 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 May 12, 2017 suggests an attempt at correction to the lower boundary area near the region of 113.50, where it is expected to continue the development of the upward trend along with a potential growth target above the level of 115.50.
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