USD/JPY forecast Japanese Yen on February 20, 2020

Currency USD/JPY is trading at 110.22. Quotes of the pair are trading above the moving average with a period of 55. This indicates the presence of a bullish trend for the pair Dollar/Yen. At the moment, the quotes of the pair are moving near the upper border of the Bollinger Bands indicator stripes.

USD/JPY forecast Japanese Yen on February 20, 2020

As part of the forecast, the pair Dollar/Yen is expected to test the level of 109.90. Where should we expect an attempt to continue the growth of the USD/JPY pair and the further development of the upward trend. The purpose of this movement is the area near the level of 110.80. The conservative buying area for the USD/JPY pair is located near the lower border of the Bollinger Bands indicator strip at 109.60.

USD/JPY forecast Japanese Yen on February 20, 2020

Cancellation of the option to continue the growth of the Dollar/Yen pair will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​108.40. This will indicate a change in the current trend in favor of the bearish for USD/JPY. In case of breakdown of the upper border of the Bollinger Bands indicator strip, growth should be expected.

USD/JPY forecast Japanese Yen on February 20, 2020 suggests a test level of 109.90. Further, growth is expected to continue to the area above the level of 110.80. The conservative buying area is located is near the area of ​​109.60. The cancellation of the growth option for the USD/JPY pair will be the breakdown of the level of 108.40. In this case, we should expect continued fall.


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