Quotes of the dollar yen currency pair USD JPY finished the trading week at 112.80. The pair continues to move in the upward movement, and is currently retained potential for continued growth of quotations of dollar yen in the area above the local maximum level, due to the start of mining forex inverted head and shoulders pattern.
USD JPY Forecast Yen Dollar on February 20, 2017 — February 24, 2017
Cancellation option price growth USD/JPY pair will perform sample areas of support and the lower boundary of the rising channel from closing below 110.80 area, which point to the continued decline in the area below the level 107.
In favor of a growth of quotations Dollar Yen testing the support line on the indicator of relative strength. Important news from Japan on the next trading week is expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast Yen Dollar on February 20, 2017 — February 24, 2017 suggests an attempt to increase within the mining reversal forex head and shoulders pattern with a potential target of growth above the level of 116.50, the cancellation option will drop and the breakdown field 110.80.
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