Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the framework of the rising forex pattern «5-0». The purpose of the pair’s growth is the area above the level of 11.450. It is worth waiting for an attempt to fall into the area below the level of 111.00, from where you can consider buying a pair of Dollar Japanese Yen.
USD/JPY forecast Japanese Yen on May 30, 2017
In favor of growth, a tight test of the lower boundary of the ascending channel will perform, as well as a test of the support line on the initiator of relative strength index (RSI). The cancellation of the growth of the pair USD/JPY will be the fall and breakdown of the area of 109.70, which will indicate the continuation of the pair’s 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 30, 2017 suggests an attempt to test the bottom of the rising channel, from which it is expected to rebound and continue the growth of the pair USD/JPY, the breakdown of the area will be 109.70, in which case it is expected to continue reducing the pair.
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