Quotes of the dollar yen currency pair USD JPY continues to move in the forex model double bottom, but if they continue to drop in prices pair to 113.50 is expected to rebound and attempt to break the upper border of resistance that will point to a continuation of the growth of quotations in the area above the local maximum level.
USD JPY Forecast on January 31, 2017
In favor of a growth of quotations of dollar yen pair will perform the test rising trendline on the Relative Strength Indicator. Cancellation option price growth the dollar yen pair will drop in and sample the local minimum area that point to continued decline.
Among the important news from Japan stands out, the decision on the interest rate the Bank of Japan, annual growth of the monetary base, comment on monetary policy, press conference Bank of Japan.
USD JPY Forecast on January 31, 2017 suggests an attempt to test the area of 113.50, and the beginning of growth in the rebound from the support line on the indicator of relative strength.
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