USD JPY Forecast dollar yen on December 26, 2016


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Quotes of the dollar yen currency pair USD JPY continues to move in the bullish trend. However, the values of the relative strength indicator has struck the uptrend line, indicating the potential development of a downward correction for the pair. However, consider selling only after the breakdown of the rising channel’s lower border, and the model triangle that points to the drop in prices.

USD JPY Forecast dollar yen on December 26, 2016

USD JPY Forecast dollar yen on December 26, 2016

As a basic version performs an attempt to rebound from the bottom of the channel and continue to grow with working models of forex Triangle and the immediate goal at a level above the area 119.

USD JPY Forecast dollar yen on December 26, 2016 suggests an attempt to break up the triangle model and to continue growth with a view above the level of 119.

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