FOREX USD JPY Forecast — May 24, 2016


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Quotes of the dollar yen currency pair USD JPY slightly gone beyond the upper boundary of the channel. However, the potential for the continuation of falling of quotations is preserved. We continue to hold a short position in the pair usd jpy with a tight stop.

FOREX USD JPY Forecast — May 24, 2016

FOREX USD JPY Forecast — May 24, 2016

An additional signal in favor of the fall is the formation of reversal pattern failure swing on the indicator of relative strength. Cancellation option falling dollar yen pair quotes will be strong growth above the level of 110.70. FOREX USD JPY Forecast — May 24, 2016 involves falling of pair within quotation mining reversal pattern on the indicator RSI.

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