Quotes of the dollar yen currency pair USD JPY continued development of an upward trend. At the moment, the pair quotes broke through important resistance area at 116. It should be expected to attempt to continue the growth of quotations pairs with a tight test 121.75 area, this is the next area of resistance, which is able to stop the currency pair Dollar Yen.
USD JPY forecast dollar exchange rate on December 16, 2016
In favor of continued growth and also acts as the Relative Strength Index, as we can see, the values punched upward channel upper boundary and could be repelled by it, which indicates the acceleration of the development of an upward trend for the pair. Cancellation option will be a strong fall and return to the level of 116.
USD JPY forecast dollar exchange rate on December 16, 2016 suggests an attempt to continue the growth in the area of 121.75, important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis.
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