Currency USD/JPY is trading at 109.81. The pair is trading above the moving average with a period of 55, indicating a bullish trend for the Dollar/Yen. At the moment, quotes of the pair move near the upper border of the bands of the Bollinger Bands indicator. An insignificant correction is expected near the level of 109.30, where again we should expect an attempt to continue growth near the level of 110.90.
USD/JPY forecast Japanese Yen on September 13, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 107.25. Cancellation 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 below the area of 106.80, which indicates 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.