Quotes of the dollar yen currency pair USD JPY continues to move in the bullish trend. We should expect the attempt to rebound from the lower boundary of the rising channel growth target higher than 115. Cancellation option will be the growth of a drop in prices below the level of 112.45, which will point to continued decline.
USD JPY forecast dollar exchange rate on December 6, 2016
Quality support area is the area of 112.75. Important news from Japan tomorrow December 6, 2016 are not available, so the pair will move in the framework of technical analysis.
USD JPY forecast dollar exchange rate on December 6, 2016 suggests an attempt to continue its growth within the bullish forex model 1: 1 in order to rise above the level of 115, the cancellation option will drop in prices and the breakdown of the channel’s lower border.
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