Quotes of the dollar yen currency pair USD JPY continues to move in the upward trend. At the moment, there are risks to see correction attempt to below 116, where once again we can expect the growth of monetary sponge with a potential breakdown resistance region and continued growth in the region above the level of 119.50.
USD JPY Forecast dollar yen on January 10, 2017
In favor of a lowering of quotations USD JPY acts as an early test of the descending resistance line on the indicator of relative strength.
Cancellation option continuation of growth of pair of quotes will breakdown field 114 that indicates the continuation of a downward correction for the pair. Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast dollar yen on January 10, 2017 suggests an attempt to support growth after the dense area of the test at the level of 116, the cancellation option will break-down area 114 that indicates an continued decline.
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