Currency USD/JPY is trading at 110.66. Quotations of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Dollar/Yen. At the moment, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. A level test of 109.80 is expected, where again one should expect an attempt to continue growth and further development of the upward trend for the Dollar/Yen pair near the level of 112.50.
USD/JPY weekly forecast on June 18 — 22, 2018
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 108.40. The cancellation of the continuation of the growth of the US dollar pair Yen will be a breakdown of the lower border of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes below the 107.40 area, indicating a change in the bearish trend for USD/JPY. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
