Currency USD/JPY is trading at 110.26. The pair is trading above the moving average with a period of 55, indicating a bullish trend for the Dollar/Yen. At the moment, the pair quotes are moving near the upper border of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 109.90, where again we should expect an attempt to continue growth with the target close to level 112.10.
USD/JPY forecast Japanese Yen on September 1, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator bars at 108.30. The abolition of the continuation of the growth of the pair Dollar/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 area 107.70, which indicates a change in the bearish trend for USD/JPY. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate growth.