Quotes Dollar Yen currency pair USD JPY continues to move in the upward channel and is currently testing the support area with a potential target of growth above the level of 118.50. But do not rule out another test support area near the region attempt to 115.90.
USD JPY Forecast dollar yen on January 3, 2017
Expect faster growth of quotations of dollar yen pair is worth a breakdown field of a local maximum. Cancellation option will increase pair drop in prices below the level of 115.20, which will point to the continuation of decline in the area below the level 112.
Important news from Japan is expected tomorrow, so the pair will continue to move in the Technical Analysis USD JPY.
USD JPY Forecast dollar yen on January 3, 2017 suggests an attempt to continue its growth in the rebound from the rising channel’s lower border with the potential upside target above the level of 118.50, the cancellation will be the breakdown of the channel’s lower border.
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