Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the framework of forming the bullish forex pattern “5-0”. It is worth waiting for an attempt to fall into the area of the lower border of the channel, from where you can try buying the pair US Dollar to Japanese Yen USD/JPY and expect the beginning of growth with the potential target at the level 114.50.
USD/JPY forecast Japanese Yen on May 22, 2017
In favor of falling from current levels is the test of the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the growth of US Dollar to Japanese Yen USD/JPY will be the fall and breakdown of the area of 109.80, which will indicate the continuation of the decline.
Important news from Japan is not expected, so the pair US Dollar to Japanese Yen USD/JPY will continue to move in the technical analysis USD/JPY.
USD/JPY forecast Japanese Yen on May 22, 2017 suggests an attempt to test the lower boundary of the bullish forex pattern “5-0” and continue growth in the area above the level of 114.50, the cancellation will be a breakdown of the area of 109.80, indicating that the pair continues to fall.
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