Quotes of the dollar yen currency pair USD JPY continued to rise, contrary to expectations. However, at the moment there is a potential for the continuation of falling of pair within the mining forex reversal patterns failure swing on the indicator of relative strength.
Forecast Japanese Yen USD/JPY on 22/07/2016
The purpose of the fall and testing of such a model is the area below the level of 10.80. Cancellation option drop in prices USD JPY will be a strong growth of the pair above the level of 107, which indicates the continuation of growth of pair to 108. We continue to hold the sale of USD JPY, but the stop loss level is pretty close.
Forecast Japanese Yen USD/JPY on 22/07/2016 suggests an attempt to fall within the mining model in the display of relative force to fall to the level of 104.80.
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