Forecast May 11, 2016
On the eve of the important statistics did not go. US and Japanese securities reduced the spread on the credit market. Investors falling interest in assets in the United States. Earlier, the US, European stock indicators finished trading in the "green zone", this indicates an increase in risk appetite, which is traditionally a negative impact on low-risk Japanese currency.
The dollar, the yen has not lost its bullish momentum. Course stopped rising dvizheniet slightly higher level of 108.20, followed by resumed growth and hit resistance around 109.00.
In the area of 109.00 is the first support below - 108.20. In the area of 109.80 is the first resistance, above - 110.60.
A buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen and Kijun-sen show an upward movement. The urgency of the upward movement will continue as long as the price is above the Ichimoku cloud.
The MACD histogram is in the positive zone. The price is rising.
Trading recommendations of USD / JPY
in the near future is expected to continue the movement of the server, with the first target 109.80, up 110.60.
Source Fort Financial Services