Currency USD/JPY is trading at 107.59. Quotes of the pair are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for the Dollar/Yen. At the moment, quotes of the pair test the lower border of the bands of the indicator Bollinger Bands. A level test 108.40 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near level 105.80.
USD/JPY forecast Japanese Yen on February 14, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 109.70. The cancellation of the continuation of the fall of the pair of the Dollar/Yen will be a breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 110.60, indicating a change in the bullish trend for USD/JPY. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
