Quotes of the dollar yen currency pair USD JPY continues to move in the formation of reversal pattern Forex double bottom with a potential target of the level above 116.50 areas.
However, to complete the formation of the model it is important to see the breakdown of the resistance area and closing quotes above 115.90.
USD JPY Forecast Dollar against the yen on January 26, 2017
At the same time the value of the indicator of the relative strength continues to be below the trend line, indicating that the next support field test and only after that we can expect the beginning of growth of quotations of USD/JPY.
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 against the yen on January 26, 2017 suggests an attempt to test the area of 112 and the beginning of growth in the framework of the completion of the formation of topping model Forex double bottom with a potential target of the level above 116.50.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
