Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the framework of the bullish forex pattern «5-0». It is worth the attempt to test the lower boundary and continue growth with the first goal at the level of 114.50.
USD/JPY forecast Japanese Yen on May 25, 2017
In favor of the continued growth of the pair, the USD/JPY is the breakdown of the downward trend line on the relative strength indicator (RSI). The cancellation of the pair’s growth option will result in a drop below the area of 109.50, indicating that the USD/JPY will continue to decline.
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 25, 2017 involves an attempt to test the bottom of the rising channel and continue the growth of the pair with the first target at a level above the area of 114.50, the cancellation will be the fall and breakdown of the area of 109.50.
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