Currency USD/JPY is trading at 110.11. 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 middle boundary of the Bollinger Bands indicator bands.
USD/JPY forecast Japanese Yen on September 14, 2021
In the framework of the forecast of the couple, the dollar is expected to test the level 110.00. Where to expect an attempt to continue the growth of the USD/JPY pair and the further development of the upward trend. The purpose of such a movement is the area near the level 110.50. The conservative buying area of the USD/JPY pair is located near the bottom limit of the Bollinger Bands indicator strips at 109.60.
The abolition of the continuation of the growth of the vapor dollar dollar will be a breakdown area of the lower boundary of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing the quotes of a pair below region 108.30. This will indicate a change in the current trend in favor of a bearish on USD/JPY. In the event of a breakdown of the top border, the Bollinger Bands indicator strips should expect growth acceleration.
USD/JPY forecast Japanese Yen on September 14, 2021 suggests a test level of 110.00. Further growth is expected to continue to the area above the level of 110.50. The conservative area for buying is located area of 109.60. The cancellation of the growth option for the USD/JPY pair will be the breakdown of the level of 108.30. In this case, we should expect a continuation of the fall.