Dollar Yen currency pair USD/JPY is trading at 117.35. At the moment, the pair quotes were able to break through the border region of the upper bands of Bollinger Bands, which suggests continued growth with the breakdown of the resistance area and aim higher than 119.00.
Analysis Bollinger Bands USD/JPY on January 4, 2017
Do not rule out another test the moving average with a period of 55 and continued growth. Cancellation option will drop in prices pair Dollar Yen will fall and breakdown of supporting and closing prices below the Bollinger Bands border strips at 115.60, which will indicate the change of trend in favor of reduction.
Expect faster growth of quotations of the pair is the area only with breakdown of a local maximum.
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