Currency pair USD JPY continued strong growth in the current trading week and were able to show a rebound from the support level. At the moment, it saved the potential for continued growth within the ascending channel with a potential upside target level above 119.
USD JPY Forecast Japanese Yen on February 13, 2017 — February 17, 2017
In favor of a growth of quotations pair Dollar Yen appears rebound from the support line on the indicator of relative strength. Cancellation option increase of USD/JPY will fall, and the breakdown of the rising channel’s lower border with the closing quotation below 110.
Among the important events in the next trading week, 13 – 17 February 2017, which could have a strong impact on the Japanese yen, we should mention, the volume Change GDP, GDP deflator, February 13, 2017.
USD JPY Forecast Japanese Yen on February 13, 2017 — February 17, 2017 suggests an attempt to continue its growth within the mining rising pattern of 1:1 with a view to potential rises above level 119, the cancellation option will quote the output of the rising channel’s lower border.
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