Quotes of the dollar yen currency pair USD JPY continues to move in the beginning of the mining forex reversal patterns a double bottom with a potential target of growth above the level of 117.60.
Expect faster growth of quotations currency pair is a breakdown of the nearest resistance at 116.00, which indicates the completion of the formation of topping FX models.
Technical analysis and forex forecast USD/JPY on January 30, 2017
Cancellation option of growth of quotations of the currency pair USD/JPY will fall and breakdown area 111.50 that will point to continued decline.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
Technical analysis and forex forecast USD/JPY on January 30, 2017 suggests an attempt to continue the growth of pair within quotation start mining forex reversal patterns with the potential upside target above the level of 117.50.
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