Quotes of the dollar yen currency pair USD JPY continues to move in the form of forex triangle patterns. At the moment, there are risks of breakdown of the lower limit of the model triangle and continuing drop in prices pair Dollar Yen to below the level of 111.50, in favor of a fall is the breakdown of the trend line on the indicator of relative strength.
Technical analysis and forecast USD/JPY on February 2, 2017
Cancellation option drop in prices of the currency pair USD/JPY will be a strong growth and a tight test of the upper boundary of the model, a breakdown of which is expected to continue the development of an upward trend. Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
Technical analysis and forecast USD/JPY on February 2, 2017 suggests an attempt to break the lower boundary of the model triangle and continued reduction in the framework of the mining model.
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