Quotes of the dollar yen currency pair USD JPY finished the trading week at 112.55. The pair continues to trade within the downward correction and is currently retained the capacity to rebound and start the growth of a pair of quotes in the area above the level of 116.00.
USD JPY Forecast Yen Dollar on February 6, 2017 — February 10, 2017
In favor of a growth of quotations will perform the test rising trendline on the Relative Strength Indicator. Cancellation option of growth of pair Dollar Yen will fall and breakdown area 109.50 that will point to the continued decline in the area below the level 107.
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 6, 2017 — February 10, 2017 suggests an attempt to rebound from the region 112 and the beginning of growth with a potential target higher than 116, in the case of breakdown of support for the region is expected to continue decline.
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