Currency pair USD JPY Dollar Yen continues to move within the framework of a strong bullish trend. The immediate resistance area is the area of 121. Near this level we should expect and test the descending trend line on the indicator of relative strength that will indicate an attempt of a downward correction for the pair.
USD JPY Forecast dollar on January 2017
Cancellation option quotations falling of pair USD JPY will sample the region 123 that points to continued growth and a local maximum test area. In the case of quotations fall below the level of 115, we can expect a continuation of a downward correction.
Among the important events in January 2017, which may affect the value of the dollar to the Japanese yen stands out, sales of 10-year bonds and 30-year bonds.
USD JPY Forecast dollar on January 2017 suggests an attempt to continue its growth with the test area 121, where the development is expected to attempt to complete the correction in the rebound from the resistance line of the descending on the indicator of relative strength.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link