Quotes of the dollar yen currency pair USD JPY finished the trading week at 113.97. the pair continues moving inside the ascending channel, and at the moment is stored capacity for the continued growth of quotations couples in the area above the level of 116 to the potential growth in the area above the local maximum level.
USD/JPY Forecast on March 6, 2017 — March 10, 2017
In favor of a continuation of growth of pair of quotes will make a tight test rising trendline on the Relative Strength Indicator. Also on the forex pair formed the model triangle and the top model with a breakdown of the border is expected to accelerate the growth of quotations of USD/JPY.
Cancellation option of growth of pair in the current trading week will drop in and sample 111.10 area that indicates the output of the rising channel and the continued decline.
Among the important news from Japan on the next trading week, which may influence the course of the currency pair Dollar Yen is to provide, in GDP Change March 8, 2017, BSI index of business conditions for large manufacturers of March 10, 2017.
USD/JPY Forecast on March 6, 2017 — March 10, 2017 suggests an attempt to continue its growth in an uptrend, with a breakdown of the upper boundary of the model triangle is expected to accelerate growth.
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