Quotes of the dollar yen currency pair USD JPY continues to move in the bullish trend. At the moment, there is the potential for the pair to continue the growth of quotations in the area above the level of 119 within the mining triangle forex pattern. Cancellation option will drop in prices below the level of USD / JPY 116.40 area, which point to a drop to below 115.
USD JPY forecast dollar exchange rate on December 23, 2016
Expect faster growth of quotations of dollar yen pair is expected to breakdown the upper boundary of the triangle model. Important events tomorrow from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY forecast dollar exchange rate on December 23, 2016 suggests an attempt to increase the upper limit of the breakdown model Triangle should expect growth of quotations for the purpose of higher than 119.
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