Quotes of the dollar yen currency pair USD JPY finished the trading week correction at 114.44. At the moment, saved the potential for rebound and continued growth of quotations to potential target at above 121.75 area. In favor of a rebound of quotations pair Dollar Yen appears tight test the support line on the indicator of relative strength.
USD JPY Forecast Dollar Yen on January 16, 2017 — January 20, 2017
Cancellation option will be a breakdown of the rising channel’s lower border, which will point to the continued decline of quotations to USD JPY at 109.60.
Among the important news from Japan on the next trading week, which may have an impact on the Japanese yen stands out, The Industrial Production January 17, 2017, as well as the performance of the Bank of Japan Governor Hiroshi Nakas a speech January 20, 2017.
USD JPY Forecast Dollar Yen on January 16, 2017 — January 20, 2017 suggests an attempt to continue the growth in the area above the level of 121.75 in the framework of working off the rising forex 1:1 model, the cancellation will sample the lower model boundaries that indicate a continued decline in the area below 109.60.
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