Analysis for 2020-06-01
OKEx Utility (OKB) Cancellation option quotations falling dollar yen pair will be a strong growth of quotations and penetration level of 107.50. An additional signal in favor of the USD/JPY growth is the test of the support line on the indicator of relative strength. USD/JPY Forecast Japanese Yen on April 25, 2024 involves falling of pair within the beginning of the descending pattern of 1:1. Quotes of the dollar yen currency pair USD JPY showed strong growth in the area above the level of 110.80. At the moment, there is potential for a fall of the pair within the beginning of the descending pattern of 1:1.