Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the upward trend and at the moment we should expect the pair to continue growing. In favor of the bull tendency, a lower channel test will be performed, as well as a support line test on the relative strength indicator.
USD/JPY Forex Forecast US Dollar to Yen on May 15, 2017
The cancellation of the pair’s growth option will result in a drop and a breakdown of 113.00 level, which will indicate a drop to the area below the level of 112.50. Expect the acceleration of growth is the breakdown of the local maximum region.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY Forex Forecast US Dollar to Yen on May 15, 2017 suggests an attempt to test the lower border of the growth continuation channel to an area above the level of 114.50, an additional signal for the growth of the Yen Dollar pair is the support line test on the relative strength indicator.
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