USD/JPY forecast Japanese Yen on July 9, 2019

Currency USD/JPY is trading at 108.64. 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 pair quotes are moving near the upper border of the Bollinger Bands indicator bands.

USD/JPY forecast Japanese Yen on July 9, 2019

As part of the forecast of the Dollar/Yen pair is expected to test the level of 108.40. Where can we expect an attempt to continue the growth of the pair USD/JPY and the further development of the upward trend. The purpose of this movement is the area near the level of 109.50. The conservative area for purchases of USD/JPY is located near the lower border of the Bollinger Bands indicator at 107.40.

USD/JPY forecast Japanese Yen on July 9, 2019

Cancellation of the option to continue the growth of the Dollar/Yen pair will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing quotes pair below 107.20 area. This will indicate a change in the current trend in favor of the bearish for USD/JPY. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.

USD/JPY forecast Japanese Yen on July 9, 2019 suggests a test level of 108.40. Further growth is expected to continue to the area above the level of 109.50. The conservative buying area is located is near the area of ​​107.40. The cancellation of the growth of the pair USD/JPY will be the breakdown of the level of 107.20. In this case, we should expect the continuation of the fall.


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