Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continued the development of the upward movement. At the moment, quotes of the pair are testing the resistance area, we should expect a rebound and a fall in the area below the level of 110.00 within the framework of the formation of an inverted Forex Head and Shoulder model. The growth target for the pair of Yen Dollar is the area above the level of 112.50.
USD/JPY Forecast US Dollar to Yen on April 27, 2017
Among the important news from Japan that can influence the rate of the Japanese Yen, it is worth highlighting, the decision on the interest rate of the Bank of Japan, the annual growth of the monetary base, the Commentary on Monetary Policy, the Press Conference of the Bank of Japan.
USD/JPY Forecast US Dollar to Yen on April 27, 2017 suggests an attempt at correction to the area at 110.0 as part of the formation of an inverted Forex Head and Shoulder model with the target of working near the area of 112.50, the breakdown will be a breakdown of the local minimum area.
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