The currency pair US Dollar to Japanese Yen USD/JPY is trading near the level of 110.45. The pair continues to move within the downward trend due to the intersection of moving averages at 111.35. The values of the MACD indicator are decreasing and at the moment there are no signals in favor of forming a divergence, which also indicates the potential development of a fall in the pair.
USD/JPY Technical analysis on April 5, 2017
It is worth expecting an attempt to test the area of moving averages near the level of 111.15 and the continuation of the fall of the Dollar Yen pair quotations in the area below the level of 109.70. The cancellation of the variant of falling quotations of the USD/JPY currency pair will result in a strong growth and breakdown of the region of the slow moving average with the closing of quotes above the level of 111.40, which will indicate a change in the trend in favor of the ascending trend.
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