Quotes of the dollar yen currency pair USD JPY continues to move in the downward correction and at the moment there is a potential for a rebound in the pair quotes cancers start working out bovine FX models double bottom with a potential target of growth above the level of 117.50.
USD JPY Forecast Japanese Yen on January 25, 2017
Expect complete forex model is a breakdown of the resistance level near 115.40 areas. Cancellation option reversal quotes USD JPY will drop and the sample area 112.40 that will point to a continuation of falling of quotations below 111.
Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast Japanese Yen on January 25, 2017 suggests an attempt to turn within the completion of the double bottom pattern, the breakdown resistance region point to continued growth in the region above the level of 117.50, the cancellation option will drop and the breakdown of the area of a local minimum.
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