Dollar Yen currency pair USD/JPY is trading at 115.37. Currently quotes were able to break through the border area of the lower bands of Bollinger Bands, which suggests a continuation of the downward trend on the pair with a potential target at a level below the area 114.
Analysis Bollinger Bands USD/JPY on January 9, 2017
It should be expected to test resistance area near the level of 116, where one can consider aggressive sales of the pair. Conservative area for sale is located at the upper Bollinger Bands bands border region near 118.80.
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