Currency USD/JPY is trading at 112.32. 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 111.90, where again we should expect an attempt to continue growth near the level of 113.40.
USD/JPY forecast Japanese Yen on September 22, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 110.90. Canceling the option of continuing 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 110.30, 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.