Quotes of the dollar yen currency pair USD JPY finished the trading week at 112.10. The pair continues to move in the uplink and currently continues to form an inverted model of the forex head and shoulders.
We should expect the pair attempt to increase dollar yen at the current trading week as part of the beginning of the mining model with a potential upside target above the area of a local maximum.
USD/JPY Forecast on 27 February, 2017 — 3 March, 2017
Expect faster growth of USD/JPY is expected with a breakdown field of 114.70 that will point to the breakdown of the neckline is a reversal pattern. In favor of a rise in quotations pair appears tight test Exercises uplink on the indicator of relative strength.
Cancellation option will drop the growth and the breakdown of erecting the channel’s lower border with the closing quotation below 111.00, it will point to continued decline. Among the important news from Japan on the next trading week, which may influence the course of the currency pair Dollar Yen stands out, the consumer price index March 3, 2017.
USD/JPY Forecast on 27 February, 2017 — 3 March, 2017 suggests an attempt to rebound from the rising channel’s lower border and continued growth within the mining model head and shoulders.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
