Quotes Dollar Yen currency pair USD JPY continues to move in the descending channel and for now there is the potential for the growth of quotations in the area above the level of 114.50 in the rebound from the support line on the indicator of relative strength.
USD JPY Forecast Forex Dollar Yen on February 20, 2017
Expect faster growth of quotations of dollar yen pair is worth 114.65 with a breakdown field that points to the breakdown of the neckline reversal forex head and shoulders pattern with a potential target of growth above the level of 117.50.
Cancellation option couple of quotes growth will drop and the breakdown of the area of a local minimum that will point to the continued decline in the area below the level of 111.20, which will point to a continuation of the fall.
Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast Forex Dollar Yen on February 20, 2017 suggests an attempt to increase from current levels within the forex reversal start mining model head and shoulders, and a breakdown field of 114.65 is expected to accelerate growth of quotations pair Dollar Yen.
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