Quotations of the currency pair USD/JPY US Dollar to Japanese Yen continue to move within the upward trend and at the moment there is still potential for continuing the pair’s growth into the area above the level of 112.50.
USD/JPY Forecast US Dollar to Yen on May 1, 2017
In favor of the growth of the pair is the breakdown of the upper limit of the Forex Triangle model, which indicates the continued growth of USD/JPY quotes, as well as the rebound from the support line on the relative strength indicator. The cancellation of the growth variant of the Yen Dollar pair will be the fall and breakdown of the area of 110.70, which will indicate the continuation of the pair’s decline.
Important news from Japan is not expected, so the pair Yen Dollar will continue to move in the technical analysis of USD/JPY.
USD/JPY Forecast US Dollar to Yen on May 1, 2017 suggests an attempt to continue the pair’s growth to an area above the level of 112.50 as part of the Forex Triangle trial, with a drop below 110.70.
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